Multiple Choice
When we focus on the firm as a supplier of a good or a service, we assume that the firm is a profit maximizer. When we focus on the firm as a demander of labor, we assume that the firm's objective is to
A) minimize wages.
B) minimize variable costs.
C) maximize the number of workers hired.
D) maximize profit.
Correct Answer:
Verified
Correct Answer:
Verified
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