Question

Most economists assume that the goal or objective of business firms is to ________. a. maximize sales. b. socially responsible. c. satisfice. d. maximize size. e. maximize profits.

Answer 1

Answer:

maximize profits.

Explanation:

Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc