Economists generally assume that the main goal of most businesses in the economy is to
A) be responsible corporate citizens.
B) maximize profits.
C) provide jobs for the local population.
D) Avoid having to make very many decisions.
Correct Answer:
Verified
Q1: The main objective of a business in
Q2: The long-lived physical equipment and structures that
Q3: Cost is what a business receives after
Q4: Inputs used by a business in the
Q6: Marginal cost is the added expense of
Q7: What word describes the money that customers
Q8: The marginal product is the extra amount
Q9: What is the difference between revenue and
Q10: Marginal revenue is the additional revenue a
Q11: A production function tells you,given the inputs,what
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