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Sidana [21]
3 years ago
11

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

Social Studies
2 answers:
iris [78.8K]3 years ago
7 0

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

cluponka [151]3 years ago
5 0

Answer:

b. (Iii) only

Explanation:

Profit maximization occurs at the point where there is the greatest positive difference between the total revenue to the firm, which is gained from selling goods and services, and the total cost of employing resources to produce there goods and services.

Goals of A Firm

Rather than maximizing profits, firms may attempt to maximize sales or total revenue in order to try and increase its market share relative to its competitors.

Goals of firms are:

Profit - Profit equals the total revenue - total costs.

Total costs - Fixed Costs + Variable costs.

Total revenue - Price x Quantity sold.

Therefore if:

-Total revenue is greater than total costs the business is gaining a profit.

-Total costs is greater than total revenue than the business is running at a loss.

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Why did England want to imperialize India?How did British rule of India impact Indians?How did England gain control in India ?
sattari [20]

Answer: As India was the major source of raw materials for all England industries like agriculture, import-export.

Explanation:

India was seen by Britain as a potential supplier of raw materials to supply England's manufacturing. The economy of India at the time was heavily based on agriculture.

Because the British modernized and industrialized India, the lack of financial benefits from their rule caused many economic declines in India, and Indians developed a sense of nationalism after the British took control of the country, So, there were both positive and negative impacts.

King Charles II of England granted the British East India Company the freedom to govern their Indian holdings as they saw fit around 1670. He granted them authority over the production of money, the direction of armies and fortresses, the formation of alliances, the conduct of war and peace, and the imposition of laws within their own domains.

To learn more about British rule in India-

brainly.com/question/28320113

brainly.com/question/9667740

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1 year ago
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If two bodies contact one another without slipping, and the points in contact move along different paths, the tangential compone
wolverine [178]

Answer: B) the same, different.

Explanation:

If two bodies contact one another without slipping, and the points in contact move along different paths, the tangential components of acceleration will be THE SAME and the normal components of acceleration will be DIFFERENT.

5 0
2 years ago
When the supreme court rules that amish people cannot be forced to send their children to school, it?
Alekssandra [29.7K]
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Hope this helps!
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Kamila [148]

it is in the law book any search that is conducted has to have a warrant

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What finding led researchers to consider naltrexone as a therapy for alcoholism?
Sidana [21]

Naltrexone blocks the elements of your mind that feel satisfaction from alcohol and narcotics. when those areas of the mind are blocked.

Intramuscular extended release Naltrexone is a medicine permitted via the food and Drug management  to deal with each Opioid Use sickness  and Alcohol Use disease  as a remedy-Assisted remedy option. Naltrexone isn't always a narcotic. It works via blocking off the consequences of narcotics, mainly the "excessive'' feeling that makes you want to use them. It also can also block the "excessive'' feeling that may make you want to apply alcohol.

A chemical substance located in liquids consisting of beer, wine, and liquor. It is also determined in a few drug treatments, mouthwashes, family products, and crucial oils. The four kinds of alcohol are ethyl, denatured, isopropyl and rubbing. The only that we know and love the first-rate is ethyl alcohol, additionally called ethanol or grain alcohol. It's made by using fermenting sugar and yeast, and is utilized in beer, wine, and liquor. Ethyl alcohol is likewise produced synthetically.

Learn more about alcohol here:- brainly.com/question/947751

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