Question

A movie theater manager asks an employee, "Should we distribute tickets to the movie on a first-come-first-served basis or through a lottery?" The manager's question is best classified as which one of the following fundamental economic questions?
a)For whom to produce

b)What to produce

c)How to produce

Answer 1

Answer:

For whom to produce.

Explanation:

This fundamental question tends to answer the sector of the customers the company will produce for. It reflects the customer's buying power and willingness.

• For example, If the customer we are producing has enough money, so we should go for first come first served basis, OR, If the customer lacks money and it hinders the customer to watch a movie so we motivate them to participate in a lottery so are in guise targeting that section as well.