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 826 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 60% of students answer this correctly


James Ballack

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


« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

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
Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
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
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: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library