Most models to be emphasized in Managerial Economics will assume the following as a goal.
A) revenue maximization
B) social welfare minimization
C) profit maximization
D) cost minimization
E) all of the goals identified above

Question

Quizplus · Accepted Answer

Profit maximization is the primary goal of most firms in managerial economics, as it aims to increase the financial value of the company for its shareholders. While revenue maximization and cost minimization are also important considerations, they are typically viewed as secondary to profit maximization. Social welfare minimization is not a typical goal of individual firms, although it may be a consideration in industries with significant externalities or public goods.

Most Models to Be Emphasized in Managerial Economics Will Assume