This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: "An objective of firms is to maximize profits." This statement (Read 656 times)

Darron12

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022
"An objective of firms is to maximize profits." This statement
◦ is an assumption used by economists to predict the behaviour of firms.
◦ is an unrealistic assumption, and therefore of little use to economists.
◦ is a normative statement and thus cannot be tested.
◦ has been proven by empirical testing to be always true.
◦ applies only to corporations.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Darron12 on Oct 12, 2022

jacquelyngibson

  • Full Member
  • ***
  • Posts: 161
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.
Answer Preview
Only 36% of students answer this correctly


James Ballack

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Oct 24, 2022
Thank You!


« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Competitive firms and maximization Competitive firms and maximization
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library