The key assumption underlying the theory of the firm is that:
A) firms are assumed to maximize sales revenue.
B) managers are assumed to maximize the number of employees in their department.
C) firms are assumed to maximize profits.
D) none of the above
C
Economics
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The most popular floating rate in swaps is
A) LIBOR. B) the Treasury note rate. C) the prime rate. D) the six-month Treasury bill rate.
Economics
Which of the following is counted as a benefit from international trade?
A) New production processes developed in one nation are transmitted to others. B) Intellectual property such as music and computer applications is introduced throughout the world. C) New goods have been introduced to other parts of the world. D) All of the above are benefits from international trade.
Economics