menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Study Set 1
  4. Exam
    Exam 7: Producers in the Short Run
  5. Question
    It Is Assumed in Standard Economic Theory That a Firm
Solved

It Is Assumed in Standard Economic Theory That a Firm

Question 85

Question 85

Multiple Choice

It is assumed in standard economic theory that a firm makes decisions in an effort to


A) become as large as possible.
B) have a highly diversified product.
C) be favoured politically.
D) maximize its revenue.
E) maximize its profits.

Correct Answer:

verifed

Verified

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

Related Questions

Q80: Economic profits are less than accounting profits

Q81: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 7-1 -Refer

Q82: A firm that has two or more

Q83: Consider a firm's short-run cost curves.When capital

Q84: Jodi recently went into business producing widgets.Which

Q86: The following data show the total output

Q87: The diagram below shows some short-run cost

Q88: The vertical distance between the total cost

Q89: Churches,the YMCA,the Salvation Army,and the Nature Conservancy

Q90: An example of debt financing for any

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