A college student is thinking about running an ice cream truck over the summer. What would economists say is the student's main objective?
A)To spend as little on inputs as possible
B)To maximize hourly earnings
C)To sell as many ice cream cones as possible
D)To maximize his profit

Question

Quizplus · Accepted Answer

Economists would say the main objective of running any business, including an ice cream truck, is to maximize profit. This involves not just minimizing costs or maximizing sales, but finding the optimal balance between revenue and expenses to achieve the highest possible profit.

A College Student Is Thinking About Running an Ice Cream