In reality, decisions made by firms may not always produce maximum total profit because some executives
a. are more motivated by altruism.
b. are more interested in market share than profits.
c. may push research and development to the point that profits decline.
d. All of the above are correct.
d
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You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. If bags of chips cost $3 each and Soda costs $1 each, how much of each can you buy?
A. 40 bags of chips and 10 sodas B. 10 bags of chips and 75 sodas C. 25 bags of chips and 25 sodas D. 30 bags of chips and 15 sodas
The Basel committee
A) takes advantages of loopholes in multinational banks B) does not support regulatory agencies that monitor the assets of banks' foreign subsidiaries. C) submitted its Concordat in 1975 and was then disbanded. D) continues to be the major forum for cooperation in the regulation of international banking. E) met for the first time in 1975.
A monopolist picks the quantity of output at which price equals marginal cost.
Answer the following statement true (T) or false (F)
Answer the following questions true (T) or false (F)
1. Physical capital refers to stocks and bonds. 2. Counting part-time workers who are looking for full-time work as employed overstates the degree of joblessness in the economy. 3. In the United States, the typical person who has lost his or her job finds another one in a few months except during severe recessions.