Top Posters
Since Sunday
e
5
e
4
4
d
4
R
4
o
3
p
3
t
3
3
m
3
p
3
m
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
blankship blankship
wrote...
Go to Answer
Posts: 130
Rep: 0 0
A year ago
"An objective of firms is to maximize profits." This statement

▸ is an assumption used by economists to predict the behaviour of firms.

▸ is an unrealistic assumption, and therefore of little use to economists.

▸ is a normative statement and thus cannot be tested.

▸ has been proven by empirical testing to be always true.

▸ applies only to corporations.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 111 times
1 Reply
Replies
Answer verified by a subject expert
sbe0921sbe0921
wrote...
#1
Posts: 131
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

blankship Author
wrote...

A year ago
Thanks
Holly72492
wrote...

Yesterday
Good timing, thanks!
acaruso
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  986 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 108
  
 1310
  
 4437
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 378
Previous poll results: Who's your favorite biologist?