Economists Normally Assume That a Firm Would

Multiple Choice

Economists normally assume that a firm would?
(i) sell a higher output if this would increase revenue
(ii) sell a lower output and collect less revenue, if this would increase profit
(iii) sell a higher output and incur more costs, if this would increase profit

A) (i) and (ii)
B) (i) and (iii)
C) (ii) and (iii)
D) none of the above