Answer:
B. (iii) only
Explanation:
Economists normally assume that the goal of a firm is to earn
(iii) revenues as large as possible, even if it reduces profits.
The reason for economist to normally assume the goal of a firm is to earn revenues as large as possible, even if it reduces profits, is that, while achieving more profit is what can make firm to keep running, there are times when rather than maximizing the profits alone, the economist look at the long run and seeks to generate more sales or total revenue, even if it decreases the profit generated, so as to increase the firm market share relative to its competitors.
Hence, economist seeks to maximize profits, while making higher number of sales.
In short, the seek the following:
1. Growth Maximization
2. Increasing Market Share
3. Satisfying Behavior
4. Maximizing Sales or Total Revenue
This sounds like a homework assignment, not a question! :) :)
<span>Shinto focuses on the sacredness of the certain water source in each local community. Shinto encompasses local community practices and seasonal worship promoting agriculture in the community. The community also has a community shrine in which these practices are performed.</span>
There was a group of young european workers that came to America from early 17th to early 20th century. These inmigrants would get a contract to work for an american employer during a time period, usually between 1 to 7 years. They didn't get any wages for their work, the employer paid for their subsistance and their passage to the country, but that also meant that he could restrict some of their activities, they weren't completely free. After their contract expired, they were allowed to stay in the country and sometimes they would get a small parcel of land. They were called the Indentured servitude.
