In reality, firms may seek to maximize
a. sales.
b. profits.
c. market share.
d. All of the above can be correct, depending upon management, owners, and other factors.
d
Economics
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Whenever the marginal product of a firm's only variable input was positive, but falling: a. its total product is growing at a decreasing rate
b. it will use more of the variable input until its marginal product is negative. c. it would reduce its use of the variable input. d. its total product is beyond its maximum.
Economics
Complete the following short-run cost table using the information provided
Economics