Profit maximization
A) makes a firm become as large as possible.
B) makes a firm remain small in the long run.
C) increases the likelihood that a firm will survive.
D) leads a firm to become the target of a takeover.
C
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A lender need not be penalized by inflation if the
A. short-term rate of inflation is less than the long-term rate of inflation. B. long-term rate of inflation is less than the short-term rate of inflation. C. lender correctly anticipates inflation and increases the nominal interest rate accordingly. D. inflation is unanticipated by both borrower and lender.
Richards has filed quarterly reports to the SEC based on information supplied by management. A potential concern of such reliance is which of the following?
a. Privity only b. Liability to 3rd parties. c. Liability to foreseen 3rd parties only. d. Liability to reasonably foreseen 3rd parties only.
If timber prices are rising slower than the rate of interest then
A. investors should harvest timber instead of buying bonds. B. investors should buy bonds instead of harvesting timber. C. timber prices should increase. D. bond prices should decrease.
Assuming that good "x" is measured on the x-axis and good "y" is measured on the y-axis, if the utility for the two goods "x" and "y" can be measured as U = x, then it can be concluded that
A) "x" and "y" are perfect complements. B) "y" is a "bad". C) the indifference curves on the x,y graph are upward sloping. D) the indifference curves on the x,y graph are vertical.