The assumption that firms attempt to maximize profits will yield good predictions even if firms sometimes pursue other goals
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A goal of very high employment may lead to ________
A) inflationary monetary policy B) inflationary fiscal policy C) demand-pull inflation D) all of the above E) none of the above
Economics
If the first copy cost of a music video is $223,000 and the marginal cost is $0, how much total cost would the firm incur if it produces 1 million copies?
A. zero B. $223,000 C. $1 million D. $1 million + $223,000
Economics