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
Answer:
Kung ang supply ay mataas o marami, ang demand ng isang produkto ay mababa. At kung ang demand naman ay mataas, ang supply ay mababa o magkukulang
Explanation:
:)
Answer:
c. Media reports of information often leave out details about the nature of the sample used in a given study.
Explanation:
Here Haley rushes to make conclusions based on what she read from the magazine without considering the missing information from the reports in the magazine- no information on how study was conducted such as the nature of sample used in the study to make conclusions that people who drink coffee are smarter than people who don't.
