Business

14 April, 18:19

The reason economists assume that firms try to maximize economic profit is

a. over time, firms that don't earn profits will have difficulty securing financing to survive

b. firms in the real world always maximize profit

c. profit is easier to calculate than revenues

d. if a firm fails to earn a profit in its first year, it will go out of business

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “The reason economists assume that firms try to maximize economic profit is a. over time, firms that don't earn profits will have difficulty ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Joanie recognizes that the board and CEO are particularly worried that individuals will post negative information about the company on company-sponsored social media sites.

Name the four components of media measurement

Which is not a tool that people use when participating in discussions?

Cree markets LED (light-emitting diode) bulbs that replace the traditional incandescent bulb. A CreeLED bulb consumes 85 percent less energy and lasts for 25,000 hours. Cree is an example of a. a cooperative. b. an industry. c.

What is the population of the world

New Questions in Business

Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?

A tip of $10 is best for which kind of service? A. a mover who delivers furniture to your new home B. a valet who parks your car at a restaurant C. a waiter at a fast-food restaurant

Sunland Company manufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcycle companies and internally to the Production Division.

Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has identified eight activity cost pools.

Compute the 2019 Federal income tax liability and the marginal and effective tax rates in each of the following independent cases. Click here to access the 2019 tax rate schedule. If required, round the tax liability the nearest dollar.