Proﬁt-maximizing ﬁrms will gain from increases in total revenues and/or decreases in total costs.

Name: Proﬁt-maximizing ﬁrms will gain from increases in total revenues and/or decreases in total costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit-maximizing firms aim to increase their profits through increases in total revenues and/or decreases in total costs. Therefore, any increase in revenues or decrease in costs will benefit the firm's goal of maximizing profits.

Proﬁt-Maximizing ﬁRms Will Gain from Increases in Total Revenues And/or