The key assumption underlying the theory of the firm is that:
A) firms are assumed to maximize sales revenue.
B) managers are assumed to maximize the number of employees in their department.
C) firms are assumed to maximize profits.
D) none of the above
Question 2
________ questions have to do with explanation and prediction, ________ questions have to do with what ought to be.
A) Positive; negative.
B) Negative; normative.
C) Affirmative; positive.
D) Positive; normative.
E) Econometric; theoretical.
The work of Charles Darwin forms the foundation for modern evolutionary theory.
The Elastic Rebound Theory
Descartes’ Theory
Signal Detection Theory
Two-Factor Theory
Modern Cell Theory