Author Question: Economists normally assume that the goal of a firm is to: a. sell as many units of output as ... (Read 42 times)

TFauchery · **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