To earn the greatest possible profit, a firm must:

A. maximize revenue less cost.

B. minimize revenue less cost.

C. maximize quantity at any price.

D. maximize price at any quantity.

A. maximize revenue less cost.

Economics

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A natural monopoly is a firm that owns a key natural resource

Indicate whether the statement is true or false

Economics

Which of the following is true?

a. Keynesians advocate increasing the money supply during economic recessions but decreasing the money supply during economic expansions. b. Monetarists advocate increasing the money supply by a constant rate year after year. c. Keynesians argue that the crowding-out effect is rather insignificant. d. Monetarists argue that the crowding-out effect is rather large. e. All of these.

Economics