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 297 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 45% of students answer this correctly


James Ballack

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


« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
objective v subjective objective v subjective
Examples of objective evaluation Examples of objective evaluation
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Economic objectives of firms Economic objectives of firms
The focal lengths of the objective and the eyepiece in a microscope are 0.29 cm The focal lengths of the objective and the eyepiece in a microscope are 0.29 cm
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library