The Goal of the Business Firm Is Maximization of ____

question 130

Multiple Choice

The goal of the business firm is maximization of ____, and the goal of the consumer is maximization of ____.

• A)total sales; income
• B)total profit; utility
• C)total output; utility
• D)total sales; utility

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Definitions:

Two-Month Intervals

Time periods that occur or are calculated every two months.

Floating Rate

An interest rate that changes over time with the market or along with another interest rate index.

Interest

The expense incurred from borrowing funds or the income earned by lending funds, typically represented as a percentage of the principal amount.

Declined

Refers to a decrease in quantity, quality, or importance of something.