The economic theory of business behavior assumes that the goal of a firm is to A. earn an accounting profit. B. earn an economic profit. C. earn maximum revenue. D. maximize its profit.
The economic theory of business behavior assumes that the goal of a firm is to A. earn an accounting profit. B. earn an economic profit. C. earn maximum revenue. D. maximize its profit.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.1: What Are Costs?
Problem 1QQ
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The economic theory of business behavior assumes that the goal of a firm is to A. earn an accounting profit. B. earn an economic profit. C. earn maximum revenue. D. maximize its profit.
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