Answer to Question #228469 in Economics for Pabi

Question #228469

Economists assume that the goal of the firm is to A. maximise total revenue.
B. maximise profits.
C. break-even in the long run.
D. minimise implicit costs.

Expert's answer

Economists assume that the goal of the firm is to maximize profits.

So, the correct answer is B.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. If a perfectly competitive firm’s marginal cost is greater than its marginal revenue at its curren
2. A perfectly competitive firm is described as a market with A. many buyers, many sellers and the pr
3. If a firm in a perfectly competitive industry raises its price above the market price _____. A. al
4. What are the two major forms of workforce diversity? Also discuss the key biographical characteristi
5. 1. As an accountancy or management accounting student, discuss about the significance of taking up a
6. As an accountancy or management accounting student, discuss about the significance of taking up a co
7. https://drive.google.com/file/d/1U-Xq1VATD6kTdIVRBYnceAOaT5V8uFwD/view?usp=drivesdkhttps://drive.goo