Economists assume that the goal of a firm is to
A) maximize economic profits.
B) sell as many units as possible.
C) maximize gross revenues.
D) be the largest firm in its industry.
Correct Answer:
Verified
Q153: The most commonly accepted objective for a
Q154: A business organization that employs resources to
Q155: Economic profits are
A) the same as accounting
Q156: The goal of the firm is
A) low
Q157: In comparing accounting profit with economic profit,
Q159: If your business earns $20,000 in revenues,
Q160: To find economic profit from accounting profit,
Q161: Juanita has just started a business and
Q162: Which of the following is NOT an
Q163: A legal organization of a firm where
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