To develop a useful picture of a firm's behavior,economists assume that the
A) firm's goal is to maximize total revenue
B) firm's goal is to maximize profit
C) firm's goal is to minimize marginal cost
D) roles of owner,manager and worker are performed by the same individuals
E) roles of owner,manager and worker are interchangeable
Correct Answer:
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Q1: Q2: The return to owners for innovation and Q3: Q4: All of the following,except one,are included in Q5: The behavior of firms is best understood Q7: The difference between accounting profit and economic Q8: Accounting profit is defined as Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)total revenue minus