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Author Question: Which of the following generally does NOT seek to maximize profit? A) public sector companies B) ... (Read 21 times)

809779

  • Hero Member
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  • Posts: 579
on: Jul 1, 2018
Which of the following generally does NOT seek to maximize profit?
 
  A) public sector companies
  B) corporations
  C) partnerships
  D) sole proprietorships

Question 2

A perfectly competitive firm sells 15 units of output at the going market price of 10. Suppose its average fixed cost is 15 and its average variable cost is 8. Its contribution margin (i.e., contribution to fixed cost) is
 
  A) 30.
  B) 150.
  C) 105.
  D) Cannot be determined from the above information


jxjsniuniu

  • Sr. Member
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  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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