Answer:
For a profit maximizing firm , the statement that will be true is A) they will attempt to maximize the difference between total revenues and total costs.
Explanation:
The basic formula that is used to calculate profit is -
Profit = Total revenue - Total cost
Profit maximization is a concept according to which a firm who is looking for maximizing its profits, should choose that optima level of output where its marginal cost ( cost that is incurred because of producing one additional unit of good ) and marginal revenue ( change in revenue because of change in sales ) are same.
When the marginal revenue is greater than the marginal cost , it means that the revenues generated by producing additional quantity of goods is greater than the cost incurred on producing them, so hence we can say that for maximizing profit , a firm would want that the gap between revenue and cost is higher.
I would say the word could be reliable in other words that the sources of the information are reputable and with a proven track record so that the information can give confidence that it is legitimate and not rigged or sham.
All of the following are correctly paired with their phase of the business cycle, except <span>rising unemployment: recovery phase. The correct option among all the options that are given in the question is the third option or option "C". I hope that this is the answer that has actually come to your great help.</span>
B. an increase in lost sales
