The goal of the business firm is maximization of ____, and the goal of the consumer is maximization of ____
a. total sales; income
b. total profit; utility
c. total output; utility
d. total sales; utility
b
Economics
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An increase in the unemployment rate would be shown on a production possibilities curve by
A. shifting the entire curve outward. B. shifting the entire curve inward. C. moving from a point on or near the curve to a point closer to the origin, rather than shifting the entire curve. D. moving from a point inside the curve to a point on the curve, rather than shifting the entire curve.
Economics
The supply of loanable funds comes from:
A. savings. B. taxes. C. investment. D. borrowers.
Economics