Which of the Following Statements Is TRUE? Economists Normally Assume

question 45

Multiple Choice

Which of the following statements is TRUE? Economists normally assume that the goal of the firm is to:
I. sell as much of their product as possible.
II. set the price of their product as high as possible.
III. maximize profit.

• A) I and II only
• B) II and III only
• C) I and III only
• D) III only

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Definitions:

Full-time Work

Employment in which individuals typically work a standard number of hours weekly, often considered to be 35-40 hours.

Emphasized Femininity

A concept referring to socially constructed ideals of female behavior that emphasize compliance, nurturing, and accommodating the interests and desires of men.

Hegemonic Masculinity

A concept used in gender studies to describe the practice that guarantees the dominant social position of men, and the subordinate social position of women.

Intersexed

A term used to describe individuals born with reproductive or sexual anatomy that doesn’t fit typical definitions of male or female.