Economists Assume That the Goal of the Firm Is to Maximize

question 188

Multiple Choice

Economists assume that the goal of the firm is to maximize total

• A)revenue.
• B)profits.
• C)costs.
• D)satisfaction.

---

Definitions:

Pension Rights

Entitlements or benefits that an employee accumulates from a pension plan, providing income upon retirement.

Vacation Privileges

Vacation privileges refer to the policy and benefits related to employees' eligibility and entitlement to take paid time off for personal rest, travel, or leisure.

Operations

The day-to-day activities required for continued business functioning, focusing on manufacturing, providing services, or other core business processes.

Social Security Taxes

Taxes collected by the government to fund the Social Security program, which provides retirement, disability, and survivorship benefits.