Economists generally assume that
a. firms act to maximize the dividends paid to stockholders
b. households act to maximize their wealth
c. households act to maximize utility
d. firms act to maximize revenue
e. both households and firms act to minimize expenditures
C
Economics
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In the long run, competitive firms MUST be profit maximizers because if they do not maximize profits,
A) they will not survive. B) they will not be price takers. C) they will attract entry. D) the profits that they do earn will only cover variable costs.
Economics
In April 2010, you needed about ________ euro to get $1.00.
Fill in the blank(s) with the appropriate word(s).
Economics