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Author Question: When an economist assumes that the owners of firms are motivated only by the desire to maximize ... (Read 79 times)

Lin Shi

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on: Oct 12, 2022
When an economist assumes that the owners of firms are motivated only by the desire to maximize profits, the economist most likely believes that
◦ the assumption is descriptively accurate, since surveys have been taken and the owners of firms have admitted that their only objective is to maximize profits.
◦ the assumption is inaccurate, since surveys have been taken and the owners of firms have admitted that they care about more than just profits.
◦ individuals entering business are quite narrow in their personal objectives.
◦ all people enter business for their own selfish gain.
◦ it doesn't matter whether or not the assumption is descriptively accurate; what matters is whether a theory built on the assumption predicts well.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Lin Shi on Oct 12, 2022

Sophia0717

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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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Lin Shi

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Reply 2 on: Oct 12, 2022
Excellent

JaynaD87

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Reply 3 on: Yesterday
Wow, this really help

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