menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 10
  4. Exam
    Exam 13: The Costs of Production
  5. Question
    Economists Normally Assume That the Goal of a Firm Is
Solved

Economists Normally Assume That the Goal of a Firm Is

Question 140

Question 140

Multiple Choice

Economists normally assume that the goal of a firm is to


A) maximize its total revenue.
B) maximize its profit.
C) minimize its explicit costs.
D) minimize its total cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q135: Table 13-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 13-2

Q136: Figure 13-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 13-3

Q137: Figure 1<br>b.<br>Figure 2<br>c.<br>Figure 3<br>d.<br>Figure 4<br>ANSWER:<br>b<br>DIFFICULTY:<br>Moderate<br>LEARNING OBJECTIVES:<br>ECON.MANK.174 -

Q138: Scenario 13-14<br>If Farmer Brown plants no seeds

Q139: How long does it take a firm

Q141: Scenario 13-16<br>Barney builds custom wooden birdhouses. He

Q142: Table 13-6<br>Wooden Chair Factory <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table

Q143: Industrial organization is the study of<br>A)how labor

Q144: Figure 13-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 13-5

Q145: The amount of money that a firm

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines