As president of a small business, you need to decide how to spend your company's profits wisely. You can buy additional equipment for your factory, hire more workers, or buy additional advertising space on billboards. Given scarce resources, what is the first step in making a wise economic decision?
A- Contact a third-party expert for advice on how to increase your profits.
B- Avoid making any changes, as they will likely further reduce your resources.
C- Spend the money on advertising, as more business will bring more resources in.
D- Determine what to produce, how to produce it, and for whom to produce.
