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 is TRUE because it was a tax protest on the United States in 1791. It was the first tax imposed on a product with the newly formed government.
The Capture of Fort Ticonderoga occurred during the American Revolutionary War on May 10, 1775, when a small force of Green Mountain Boys led by Ethan Allen and Colonel Benedict Arnold overcame a small British garrison at the fort and looted the personal belongings of the garrison.
The Persian empire began in modern day Iraq.
