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Bess [88]
3 years ago
8

Economists normally assume that the goal of a firm is to earn

Social Studies
1 answer:
Elis [28]3 years ago
8 0

Answer:

(i) profits as large as possible, even if it means reducing output.

Explanation:

Profit maximization is a premise of firm theory in microeconomics. This is done by minimizing costs and rationalizing the quantity against the market price. Thus, eventually a company can maximize its profits by decreasing the amount produced. It will all depend on the cost structure and the market price. For example, if a firm produces 50 ice creams with a profit of $ 100. Depending on the cost and price structure, this firm may maximize its profit by lowering the quantity of ice cream to 25 and making it 70. In this case, the cost of production decreased more than proportionally to the quantity sold, and profit was maximized.

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In what year according to UK education system am I if I am in 10th grade according to Indian education system?​
Alexxandr [17]

Answer:

If you are in the 10th grade of the Indian education system, that'll mean that you are about 15 years old. In India, children of about 14 - 15 years of age usually enter 10th grade. In UK, this will be known as the Sophomore year / Year 11 → kids of age 15 - 16 years.

Hope it helps ⚜

8 0
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zmey [24]

It would be more logical to have an abundant amount of resources than to be in a center of a training route. Thomas Jefferson's Embargo Act of 1807 is an example. America suffered more even though it was meant to punish France and Great Britain. If America had more supplies then they wouldn't have any issue with trading with someone else. America is across the sea so it is hard to believe they were in the center of the training route.

Having a good location is important, but if there isn't enough to trade then that creates more issues. One would be that the area could become a reputation for being unreliable. It does come to the question if the loads of resources is worth traveling for or to take a route that's faster but there isn't a lot of give. Being isolated also means that of there happens to be an issue in the trade then the location is either off the maps or people don't want to there because of the distance and the prices might be able to go up. That's why resources are better than location.

7 0
3 years ago
When do you think a constitutional government might break down
Daniel [21]

Answer: Break its rules?

7 0
2 years ago
Many modern universities in Europe began as which of the following?. . A. Churches. . B. Hospitals. . C. Monastic schools. . D.
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The answer is :A. churches

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north is the answer

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