Which statement BEST describes who determines what to produce in a country with a market economy?
A) An individual will determine what to produce based on how many stores can sell their goods.
B) An individual determines what to produce based on what will sell the best and make the most profit.
C) The government determines what to produced based on the needs and wants of the people living in that country.
D) Individuals determine what to produced based on people's demands but the government will also step in to make sure there are no shortages.

Answers

Answer 1

Answer:

B. An individual determines what to produce based on what will sell the best and make the most profit.

Explanation:

A market economy is defined as an economy where the buyers and sellers interact with each other based on the demand and supply rules and is not interfered by the government. In the market economy, the freedom would motivate the quantity of products desired and produced to be equal. The consumers would be glad to pay the highest for the most preferred products, meanwhile the business would only produce when the business would be profitable. So that, the business would have right to determine what to produce, how many units to produce so as to generate the greatest profit.


Related Questions

the original settlers in norway finland denmark and sweden who lived by fishing and hunting

Answers

Answer: Sami or saami.

Explanation:

The original people of Sweden, Norway, and Finland are the Sami or Saami. Their ancestors date back to prehistory, where they are believed to have mixed with some Asian tribes.

Traditionally, the Samis were hunters and gatherers, living in small tribes scattered along the northern coast of Europe. They have been at war with the governments of the countries in which they live to maintain their political-social independence and even intervened in the 2nd world war.

Currently, the Sami keep some traditions intact, for example, their language, clothing, and way of life.

I hope this information can help you.

A large component of the world's selva is located in ____________.

a. central Australia
b central Africa and the Amazon basin
c. eastern Canada
d. US. midwest
e. California

Answers

Answer:

b central Africa and the Amazon basin

Explanation:

Selva is a collection of rain forest that is really important for the world's Oxygen production and water reserves. These area have more trees per square of land compared to any other place on the world.

Currently, large portion of it is located in central Africa and Amazon, where industrialization still pretty much non-existent. If we count the production of oxygen made in Amazon alone, it accounted to around 20% of the world's oxygen production.

Can you figure out the anagram in the image below and name the author of the resulting title?

Answers

The novel Resistance is to resist the mass deportations to the labor and the death camps.

Explanation:

Nielsen's all around looked into novel, Resistance is a drawing in, even record of the last stand taken by the Jews of the Warsaw ghetto to oppose the mass extraditions to work and concentration camps. The ghetto's liquidation or complete demolition and evacuation of all Jews was requested by Heinrich Himmler in October, 1942.  

Chaya Lindner, the principle character, is a composite of various genuine youthful messengers pirating supplies and data to Jewish individuals in the ghettos during World War II.

Which statement BEST describes one impact of the boll weevil?

A) The Agricultural Adjustment Act was passed by the U.S. Congress.
B) The mass migration of tenant farmers from rural Georgia increased.
C) Cotton production increased due to incentives offered by the New Deal.
D) Soybean production became the number one source of revenue for Georgia.
Which statement BEST describes one impact of the boll weevil?

A) The Agricultural Adjustment Act was passed by the U.S. Congress.
B) The mass migration of tenant farmers from rural Georgia increased.
C) Cotton production increased due to incentives offered by the New Deal.
D) Soybean production became the number one source of revenue for Georgia.

Answers

Answer:

sadate

Explanation:

Explain the Kyoto protocol, the possible impact it could have on global warming, and why the U.S. government has been hesitant to ratify it.​

Answers

Kyoto protocol is an international treaty extending the lowering emissions of greenhouse gasses.

Explanation:

Effective since 2005, the Kyoto protocol has been effective for all the signatories who have promised to bring down their greenhouse emissions by a certain level visioned by the signing countries.

It is not legally binding to do so however and the US has stayed away as it hasa large lobby of industrialists who profit from oil and regulations on which will hamper the extremely lucrative industry which revolves around the sale of oil and other greenhouse products.

what did the prophets warn the kingdoms about, and did they listen? explain the vineyard or potter analogy to summarize their messages


i need this fast

Answers

Answer:

Different religious histories show that there were many different prophets which came on Earth. Different kingdoms in history mark the recognition of a different prophet. Yet, all these prophets had a common message to convey to the mankind. The told the mankind to worship God and fear the Creator. They warned the people to not do anything which will cause the wrath of God. They warned the people to not hurt other organisms and to not to indulge in bad habits.

19. One of the benefits of the U.S. free enterprise system is the —
A. amount of choices for consumers
B. guaranteed returns on investments
C. lack of union participation by workers
D. equal distribution of goods and services​

Answers

Answer: Option (A). Amount of choices for consumers

Explanation: A free market enterprise system is a type of economy that promotes the production and sale of goods and services, with little or no control or involvement from any central government. The economic system is primarily based on supply and demand. Order and power in a free market are decentralized, with individuals making all of their own voluntary economic choices. One of the advantages the United State of America benefits from a free enterprise system is amount of choices availability for consumers, the consumers enjoy the privilege of varieties of goods available in the market.

1) How does differential association factor into the teen’s decisions about whether to engage in criminal activity?
2) Would you consider crime “contagious” based on your teen’s story? If so, what forces or factors made crime contagious? If not, what forces or factors reduced the contagious effect often seen in crime?

Character 1: Jake

Jake is a 12-year-old kid living in Michigan. Jake's brother, Carl, deals drugs in their suburban neighborhood. He's constantly trying to push Jake away from doing this too, saying that it's too dangerous for his little brother. He won't teach him how to do it well and tells Jake to focus instead on school. As a teen, Jake makes friends with a guy a few years older who
wants him to work for him running drugs back and forth between different parts of the neighborhood. Jake does this once but it feels wrong somehow. Even though he could have made
good money, he decides not to do it again.

Answers

Answers with Explanations:

1) How does differential association factor into the teen’s decisions about whether to engage in criminal activity?

"Differential association" is a theory proposed by Edwin Sutherland. It states that an individual learns about a criminal behavior from others by interacting with people who do them.

In the story, Jake hasn't fully developed his self-image and this is the reason why he is still searching for it by observing his brother (his role model). Jake has the tendency to engage in the criminal activity because he is associated with his brother who's active in dealing with drugs. Then, he had the opportunity to work by dealing with drugs for a guy. His experience allowed him to decide not to do the activity again. It is probably because his brother has also been telling him not to do it and so it reminded him. In this situation, Jake's law-abiding attitude is higher than his law-breaking attitude.

2) Would you consider crime “contagious” based on your teen’s story? If so, what forces or factors made crime contagious? If not, what forces or factors reduced the contagious effect often seen in crime?

Yes, I believe that crime is contagious. People grow up and incorporate attitudes and behaviors according to what they see among the closest people in their home. This means that children may learn to become criminals if they happen to know or witness their siblings or parents doing it because they think it's normal.

In the teen's story, Jake learned the criminal behavior from his brother. Although his brother kept telling him not to do it, the fact that his brother is doing it continuously makes Jake curious in doing the same activity. This shows how contagious criminal behavior is.

However, Jake and his brother have different values. This plays an important role regarding their intention in doing the criminal behavior.

Plz help! Compare the Stoic and Epicurean views about life. Which of these views appeals to you? Write a paragraph that explains the reasons for your choice.

Answers

Answer:

Epicurean views on life are more appealing to me.

Explanation

Epicureanism and Stoicism were two competing philosophical stances during the Hellenistic period. They were vastly different in the way they consider life, the universe and personal ethics.

For Stoicism, logos (reason) preceded the existence of the universe and everything in it. In a way, Stoics believed there was a rational design -a divine plan- to life, the universe, and society. Therefore, one can use logos (reason) to study and understand nature. At the same time, a divine plan implies a subjacent universal justice. A person can be virtuous when acting based on reason: that is understanding his/her duty for the fellow human being and through rational moderation of pleasure, duty and pain.

On the other hand, Epicureanism did not believe in a divine plan. For Epicureans, there is not a rational design. Instead, the universe is compound by random relationships between atoms. Everything that exists is an accident. At the same time, Epicureanism ethics was based on achieving Ataraxia. They believed one need to look for pleasure and avoid pain. But this does not mean that the Epicurean had a naive or hedonistic view on life. On the contrary, they believed sensual and bodily pleasures would lead to more pain. Therefore, one requires to look for, and cultivate the pleasure of mind.

Given Epicureanism materialistic view on life, and a misinterpretation of its views on ethics, Epicurean fell from grace during the middle ages.  However, their views on life, the universe and ethics are important for our age and time. They are more concordant with the current scientific understanding of the world than stoicism and they can help us to find peace amid our busy contemporary life. That is why I choose Epicureanism over Stoicism.

WILL GIVE BRAINLIEST

How long was a Senator in the Senate?


For 30 years.


For life.


For as long as the Tribune was in power.

Answers

Answerfor as long as the tribune was in power

Explanation:

Answer:

For Life

Explanation:

true or false. ( Greek )
1: Myths are stories that were originally passed down by generations in books.
2:The Olympian Gods were human in form
3: Myths are used to teach cultural values of a group of people.
4: In ancient myths, the gods and goddesses were immortal.
FOR EACH ONE, ARE THEY TRUE OR FALSE

Answers

true false false true

Plato suggested that the soul operates on three levels:
A. observation, hope, and will
B. love, emotion, and senses
C. senses, humor, and thought
D. reason, will, and desire
Please select the best answer from the choices provided

Answers

Answer:

D option is correct

D. reason, will, and desire

Explanation:

Answer:

D.reason, will, and desire

Explanation:ed2020

1.What were the differences between the West German economy and the East German
economy?​

Answers

Explanation:

Capitalism Leads to Prosperity The contrast between the two Berlins cannot miss the attention of a school child. West Berlin, though an island within East Germany, is an integral part of West German economy and shares the latter's prosperity.

Read the quotation below:

“Terrorist attacks can shake the foundations of our biggest buildings, but they cannot touch the foundation of America. These acts shatter steel, but they cannot dent the steel of American resolve.”—Former President George W. Bush 2001

Which of the following is a true statement about the quote?

President Bush uses propaganda to convince Americans to not have concerns about terrorism.
President Bush uses symbolism to reassure Americans that terrorism cannot destroy their country.
President Bush uses propaganda to convince Americans to take up weapons themselves to fight terrorism.
President Bush uses symbolism to express sadness and sympathy for the victims of terrorism.

Answers

Answer:

President Bush uses symbolism to reassure Americans that terrorism cannot destroy their country.

Explanation:

Recent history provides convincing evidence that political programs based on misrepresentation of reality produce opposite results. The Bush administration's response to the September 11th terrorist attacks - declaring war on terrorism and treating critics as non-patriots - succeeded in gaining public support, but the results were quite the opposite of what the Bush administration wanted, both for itself and for the United States.

Answer:

President Bush uses symbolism to reassure Americans that terrorism cannot destroy their country.

Explanation:

In the Middle Ages, what role did merchants have in Arab society?

Answers

Final answer:

During the Middle Ages, merchants were vital to Arab society's commerce, integrating Sharia law in trade practices and expanding trade networks. They contributed to economic prosperity and the spread of Islamic culture, and established a powerful merchant class influential in regional politics and trade regulation.

Explanation:

Merchants in Arab Society During the Middle Ages

In the Middle Ages, merchants played a crucial role in the economic and cultural development of Arab society. Their status grew alongside the expansion of trade and commerce under the Umayyad Caliphate. Arabic commercial practices were deeply intertwined with Islam, as they were codified within Sharia law. The merchants' activities helped to expand existing trade networks throughout the Mediterranean, the Persian Gulf, the Indian Ocean, and beyond.

Non-Muslim populations, such as Armenian Christians and Jewish communities, also participated significantly in trade, benefiting from their specialized skills and extensive contacts. These collaborations fostered mutual prosperity and the exchange of ideas across diverse cultures.

Trade was further facilitated by the services of nomadic North African Berber intermediaries and the establishment of caravanserais - inns funded by the state or wealthy individuals that provided shelter and places of commerce for traveling merchants. The merchant class was not only instrumental in the movement of goods but also in spreading Islamic culture and legal traditions.

With the improvement in trade infrastructure and the widespread use of letters of credit, merchants could travel and trade more easily. Muslim market inspectors played an essential role in ensuring the fairness of trades and adherence to religious standards in commerce, adding to the merchants' reputation for reliability and trustworthiness.

The rise of the merchant class led to the creation of a new mercantile governing class in regions like Northern Italy, signifying the substantial influence merchants gained economically and politically.

Which side won the American civil war

Answers

Answer:

The North side

Explanation:

Why, because they had more advanced tech.

Which statement accurately interprets the information on the chart?

Japan's currency shows that it has the strongest economy of any country.
The value of each currency is shown in relation to the US dollar.
It would take six British pounds to purchase one US dollar.
Swiss francs are the strongest currency in Europe.

Answers

The following statement accurately interprets the information on the chart: the value of each currency is shown in relation to the US dollar.

Explanation:

The information given in the chart relates the value of currency of each country to the dollar of United States of America.

Dollar is the type of currency that is used in America, Africa, Australia and Canada. Similarly each country has their currencies with unique name and different value.

The currency of Japan is named as Yen. Euro is the name of currency used in Austria, Spain, Italy, Greece and many Europe countries. Pound is the official name of currency in United Kingdom.

Answer: 2nd option: The value of each currency is shown in relation to the US dollar.

Why did Prince Dan and Jing Ke want to kill
King Zheng?

Answers

Final answer:

Prince Dan of Yan and Jing Ke targeted King Zheng for assassination due to political conflict during the Warring States period, and the potential threat posed by his authoritarian rule and territorial expansion. Their attempt highlights the dangers faced by rulers amidst the era's volatile political landscape.

Explanation:

The assassination attempt on King Zheng, also known as Qin Shi Huang, by Prince Dan of Yan and Jing Ke is a renowned historical event. The plot was engendered by the political turmoil and desire for power during the Warring States period of Chinese history. Prince Dan and Jing Ke had motives rooted deeply in resistance to the Qin state's aggressive expansionist policies and their own personal grievances against King Zheng's tyranny and ambition to unify the Chinese states under his rule.

Furthermore, such assassination attempts were not uncommon in the era's high-stakes political climate, where rulers constantly faced threats both from within their own courts and from rival states. The attempt by Prince Dan and Jing Ke ultimately failed, cementing King Zheng's reputation as a ruler who was both feared and well-protected. His eventual unification of China and the establishment of the Qin Dynasty were significant outcomes of his survival and continued rulership.

What does the monarchy mean to Britain

Answers

Answer:

While The Sovereign is Head of State, the ability to make and pass legislation resides with an elected Parliament.

Explanation:

Explanation:

Monarchy is the oldest form of government in the United Kingdom. In a monarchy, a king or queen is Head of State. The British Monarchy is known as a constitutional monarchy. This means that, while The Sovereign is Head of State, the ability to make and pass legislation resides with an elected Parliament.

hope it helps if not im srry

The candidates for the office of President of the United States must be at least 35 years old and be born in the United States which is known as which of the following selections?
Select one:
A. law-of-blood citizen
B. natural-born citizen
C. none of these
D. naturalized citizen

Answers

Answer:

Natural-Born citizen

Explanation:

I'm 99% sure this is right

The correct answer is B. Natural-born citizen

A Chinese philosophy that said people were born with natural will do to wrong it said that because people were naturally bad that there needed to be strict laws for them to follow

Answers

The Chinese philosophy being talked about here is Confucianism.

Explanation:

Confucianism is a school of thought and intellectual tradition in China founded by the philosopher Confucius.

it is not a religious doctrine. It is focused on society and making a value system to run a society by.

Confucian teachings rest on three set of core values which are

Filial pity or pity and sympathy for the fellow human being.

Humaneness or the recognition of what makes some human and following it and then

Ritual which is to have a routine that is to be followed by the person for the greater good of the society.

7. Borlaug said the supply of food is "the first component of social justice." If Borlaug had not
helped increase agricultural production, would the level of food production have been unjust?

Answers

Answer:

Yes, the levels of food production have been unjust.

Explanation:

Borlaug initiated the phenomenon of green revolution to enhance the supply of food so that underdeveloping countries such as India and Pakistan could benefit from it.

If agricultural production was not helped in such countries by Borlaug, then these countries would have had to face serious malnutrition and famine.

What was the name of the treaty that the Big Four came up with when the war was over?

A) Treaty of Versailles
B) Treaty of Brest-Litovsk
C) Treaty of Marne
D) Treaty of Vienna

Answers

Answer:

A. treaty of versailes

Answer:

A) Treaty of Versailles

Explanation:

The Treaty of Versailles was the most important agreement that came out of the 1919 Paris Peace Conference, which followed the end of World War I

The Big Four is also known as the Council of Four. It was composed of Woodrow Wilson of the United States, David Lloyd George of the United Kingdom, Vittorio Emanuele Orlando of Italy, and Georges Clemenceau of France

Fill in the blank.
The Cherokee nation followed the______from Georgia to Oklahoma in late fall of 1838.

Answers

Trail of Tears is the answer

Which savings plan requires a relatively large deposit but pays a higher rate of interest and often allows depositors to write checks that draw on the funds in it?

a credit card

a certificate of deposit (CD)

a debit card

a money market account

Answers

Answer:

The correct answer is d) A money market account.

Explanation:

All financial institutions have their catalog of products; some of them are savings accounts, credit cards, money market accounts, among others.

For example, in the case of money market accounts, they are characterized by generating higher interest unlike savings accounts, likewise, money market accounts allow customers to request checks and a debit card, which are used according to the money that the depositor has available in his account.

I hope this information can help you.

Answer:

d

Explanation:

Which of the following is an example if a political party aggregating interest.

Answers

Answer: Please Add Question Choice(s)

Answer: interest aggregation. Interest aggregation is the activity in which the political demands of groups and individuals are combined into policy programs, as defined by Almond, Powell, Dalton, and Strom.

Explanation: hope i could help please mark brainliest!

1. Which of these trends contributed to the condition of Georgia’s economy after World War II?
A. loss of confidence in exploring new scientific methods
B. rapid increase in technological and industrial development
C. renewed focus on the importance of farming and agriculture
D. reduced cooperation between business and government

2. Which of the following best describes the treatment of African Americans who fought in World War II?
A. They were treated as heroes.
B. Their service in World War II granted them equal rights.
C. Society still viewed them as second-class citizens.
D. They were given higher pay as a result of their military service.

3. How did changes in Georgia’s agriculture during the second half of the 20th century affect the distribution of population in the state?
A. New farming practices emerged, encouraging movement to rural areas.
B. Small farms were consolidated into larger farms, influencing movement to cities.
C. Government assistance helped farmers to continue living in rural areas.
D. Many new cotton mills were built, causing relocation to areas around mills.

100 POINTS - Brainliest if all right

Answers

1-b. 2-c. 3-either a or d
please give brainliest if i helped

There are different reasons for development. The answers to the questions are below;

The  trends contributed to the condition of Georgia’s economy after World War II is the rapid increase in technological and industrial development.

 The option that best describes the treatment of African Americans who fought in World War II is Society still viewed them as second-class citizens.

The changes in Georgia’s agriculture during the second half of the 20th century affect the distribution of population in the state is that Small farms were consolidated into larger farms, influencing movement to cities.

Industrial technology is simply known as the use of engineering and manufacturing technology to increase production. This makes it faster, simpler, and more efficient.

Learn more about growth from

https://brainly.com/question/2437329

what is the cause of the Missouri compromise admitted Missouri to the united states as a slave state and Maine as a free state.

Answers

Missouri was admitted as a slave state and Maine as a free state. Hope this helps!!

Why was the battle of the bulge an important allied victory

Answers

Answer: After weeks of fighting, the Allies pushed the Germans back and headed into Germany.

Explanation:

The Battle of the Bulge was fought between December 16, 1944, and January 25, 1945, in an area where it is currently Belgium and Luxembourg, during the Second World War. During the battle, the armed forces of the United States, United Kingdom, Canada, Belgium, and Luxembourg participated against the German Nazis.

The battle was won by the allied forces who were able to make the German troops withdraw, and later be able to enter Germany. However, it is considered one of the bloodiest battles in history, with more than 19,000 American fatalities.

I hope this information can help you.

explain the term political system of government

Answers

Explanation:

The term "political system of government" is simply the totality of political institutions, standards, values, ideology, and relations in which political power is fully aware of as a fact; understood in a way that is readily distinguishable by the senses. However, this is a very simplified view of a much more complex system of a class or division of people or things regarded as having particular shared characteristics, involving the sentence worded or expressed so as to elicit information of who should have the power or right to give orders, make decisions, and enforce obedience and what the the governing body of a nation, state, or community influence on its people in general or as considered collectively and area of the production, distribution and trade, as well as consumption of goods and services by different agents used to indicate obligation, duty, or correctness, typically when criticizing someone's actions.

Final answer:

A political system of government is a framework of institutions that governs a certain territory or population, characterized by its power concentration, formality, scale, and normative features. It is distinct from but influences the economic system and is exemplified by the American political system, which values justice, liberty, and equality.

Explanation:

A political system is a set of institutions that govern a territory or population. This encompasses the mechanisms for the creation of public policy and the regulation of social interactions through laws. These systems can be characterized by different factors, including the concentration of power, the level of formality, and their scale, which can range from global to local levels. Furthermore, political systems have normative characteristics that delineate how they ought to function and the values they espouse.

An example of this is the American political system, which is founded on principles of justice, liberty, and equality. Political systems are distinct from but also influence economic systems. For instance, the rise of capitalist economies in Western Europe and North America coincided with the development of democratic principles and the notion of self-government. These ideas were heavily influenced by political philosophers like John Locke, who emphasized the natural rights of life, liberty, and property as foundational to a just society.

Other Questions
Roberta is 45 years old and has always had a hard time speaking her opinion. A psychologist would explain that she has developed this way because her parents would not listen to or value her opinion when she was a child. Which theory of development reviewed in class best fit this explanation.______________________________________. A traceable requirements document _____.provides testing and validation methodsis understandable by all interested partiespromotes using the latest coding standardscontains no inconsistent statements Write a function called name_facts that will take a firstname (string) as an input parameter, and print out various facts about the name, including: 1) its length, 2) whether it starts with the letter A, and 3) whether it contains a Z or X. To gain full credit for this exercise, you must use string formatting to print out the result. Hints: You will probably want to convert the string to lowercase when checking conditions 2 and 3. You can get by without it, but you'll have to make sure you check both lower and uppercase versions of the letters. You will have to use the in operator for condition 3. You will also probably want to make a separate message for conditions 2 and 3 (depending on the answer) and use string formatting to join them into the final message. Many people believe that religion is necessary for A. us to be motivated to act morally. B. us to know the difference between right and wrong. C. morality to exist at all. D. all of the above I nid help to solve dis write the statement for each of the following expressions (x+3)4 which best describes a protein 1. Moesha needs $79 for a class trip. 59She already has $22 and she can earnthe rest by babysitting for 8 hours.If h represents her hourly earnings,which of the following equations canbe solved to find Moesha's hourlyearnings? Select all that apply. which college is the University of North Florida or Penn State Which of the following includes managing the movement of raw materials and parts from their sources to production sites; managing the movement of materials, semi-finished, and finished products within and among plants, warehouses, and distribution centers; and the planning and coordinating of the physical distribution of finished goods to intermediaries and final buyers? a. intermodal transportation b. contract logistics c. logistics d. materials handling Which of the following questions describes the equation 4n = -24? In the _____ phase of the training process, organizational and employee performance issues are considered to determine if training can help. needs assessment implementation evaluation design Which of the following is the first step in BPM? Select one: a. Reduce cycle time and simplify the production process. b. Improve design quality and precision. c. Identify processes for change. d. Extend the value chain. e. Identify synergies. To answer this question, suppose that each vehicle is moving at 7.69 m/s and that they undergo a perfectly inelastic head-on collision. Each driver has mass 82.6 kg. The total vehicle masses are 810 kg for the car and 4280 kg for the truck. Note that these values include the masses of the drivers. If the collision time is 0.129 s, (a) what force does the seat belt exert on the truck driver? Rivers in Southern and Eastern Asia are extremely important because they provide water and fertile soil for A string of fifty 15 ohm Christmas tree lights are connected in series. One burns out, they all burn out.Calculate the total resistance. (Draw a one way switch to control all of them at once) Black Lives Matter, a recent political movement that has drawn attention to a series of violent encounters between police and citizens of African American communities, is a good example A 10.0 mL 10.0 mL aliquot is removed from the described stock solution and diluted to a total volume of 100.0 mL. 100.0 mL. Calculate the molarity of the dilute solution. The radius of a circle is 8 kilometers. What is the area of a sector bounded by a 180 degree arc Economists say competitive markets are efficient because: a. by producing in the output range where MB > MC, profits are earned and the difference between consumer surplus and producer surplus is maximized. b. by producing in the output range where MB < MC, profits are reduced and the difference between consumer surplus and producer surplus is maximized. c. by producing up to the point where MB > MC, profits are earned and the difference between the consumer surplus and producer surplus is maximized.d. by producing up to the point where MB = MC, profits are maximized and the difference between the consumer surplus and producer surplus is maximized.