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Author Question: "An objective of firms is to maximize profits." This statement (Read 300 times)

Darron12

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on: Oct 12, 2022
"An objective of firms is to maximize profits." This statement
◦ is an assumption used by economists to predict the behaviour of firms.
◦ is an unrealistic assumption, and therefore of little use to economists.
◦ is a normative statement and thus cannot be tested.
◦ has been proven by empirical testing to be always true.
◦ applies only to corporations.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Darron12 on Oct 12, 2022

jacquelyngibson

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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James Ballack

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Reply #2 on: Oct 24, 2022
Thank You!


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