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Pachacha [2.7K]
2 years ago
10

The objective of profit maximization should be constrained by the requirement that profits be achieved through.

Business
1 answer:
Oksana_A [137]2 years ago
4 0

The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.

<h3>What is meant by profit maximization?</h3>

This is the term in Economics that the producer uses to get the most output that they can get based on the quantity of input that they have used in a business venture. When people go into business what they would like is to be able to get the best output that they can based on the quantity of investment that they have made in the venture.

This can be done in the long run as well as the short run by the profit maximizing firm. Hence we can say that The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.

Read more on profit maximization here:

brainly.com/question/20344638

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3 years ago
Cyrus is a tipped employee in Illinois. He is single with one withholding allowance and the minimum cash wage in Illinois is $4.
tino4ka555 [31]

Answer:

249$

Explanation

ANS-MINIMUM CASH WAGE PER HOUR=3.30

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FOR 52 HOURS =52*8.25=429$

TIPS INCUDED IN ABOVE=180$

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3 years ago
identify the reason(s) that accountants use a sales returns and allowances account: multiple select question.
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The reason(s) that accountants use sales returns and allowances account to keep a complete record of sales returns and allowances to calculate operating efficiency.

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An Accountant facilitates agencies making critical monetary decisions by collecting, tracking, and correcting the corporation's budget. they may be accountable for economic audits, reconciling financial institution statements, and making sure financial information is correct for the duration of the yr.

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11 months ago
A company has set a low price on a new product it introduced. It wants to maximize its market share and attract a large number o
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Answer:

A. Market-penetration pricing

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3 years ago
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How do banks make a profit?
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Banks make a profit by c. charging interest
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