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
bility-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according to a taxpayer's ability to pay. This progressive taxation approach places an increased tax burden on individuals, partnerships, companies, corporations, trusts, and certain estates with higher incomes.
Answer:
The correct answer is:
Confirmation bias
Explanation:
In psychology, the confirmation bias concept is used in order to describe the group of beliefs that people may have without a solid scientific base as reliable fact about a certain topic. It is normally a trend that leads people to believe and confirm certain pre-established theories leading them to increase or reassert their misconceptions.
Clay was a leading supporter in foreign policy and was very much for it.
He was a big supporter of independence movements and revolutions in Latin America and equally supported the Greek revolution.
The service sector accounts for the majority of jobs in the United States.
