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Author Question: Economists normally assume that the goal of a firm is to: a. sell as many units of output as ... (Read 41 times)

TFauchery

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on: Jun 30, 2018
Economists normally assume that the goal of a firm is to:
 a. sell as many units of output as possible.
 b. maximize profits.
 c. sell products at the highest prices possible.
  d. maximize sales revenue.

Question 2

A wage differential between skilled and unskilled workers exists because skilled workers have higher marginal products than unskilled workers.
 a. True
  b. False
  Indicate whether the statement is true or false


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debra928

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


TFauchery

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Reply 2 on: Jun 30, 2018
Excellent

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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