In analyzing the operation of a firm, an economist assumes the firm wants to
A) maximize total sales.
B) maximize total revenue.
C) maximize total production.
D) maximize total profits.
D
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Retailers do not find it profitable to engage in promotional activities because
a. They cannot reap the full benefits of the promotion b. They do not have to share the benefits of the promotion with the manufacturer c. They are unaware of competing retailers' ability to "free ride" on their efforts d. All of the above
If you are convinced that stock prices are impossible to predict from available information, then you probably also believe that
a. the efficient markets hypothesis is not a correct hypothesis. b. the stock market is informationally efficient. c. the stock market is informationally inefficient. d. there is no reason to establish a diversified portfolio of stocks.