PRODUCTION of STEEL WAS ENTIRELY crucial to the development or railroad line if it wast for those then trains wouldn't move
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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:
It is also known as the Servicemen's Readjustment Act of 1944. The G.I. Bill is for veterans of the World War II. The bill helped build hospitals, it made mortgages easily accessible with low interests, and provided stipends for tuition for veterans attending any type of school.
