Economists expect the firm to maximize ________,the laborer to accept the best ________,and the consumer to find the combination of goods that gives the most ________.
A) utility; profits; offers
B) utility; offer; profit
C) profit; offer; utility
D) profits; utility; offers
E) offers; profits; utility

Question

Quizplus · Accepted Answer

Economists typically expect firms to maximize profit, laborers to accept the best offer (in terms of wages, benefits, and working conditions), and consumers to seek the combination of goods and services that provides the most utility (satisfaction or happiness).

Economists Expect the Firm to Maximize ________,The Laborer to Accept