In Constructing a Short-Run Aggregate Supply Curve,we Assume That the Goal

question 67

Multiple Choice

In constructing a short-run aggregate supply curve,we assume that the goal of business is to:

• A)maximize sales revenue.
• B)maximize profit.
• C)maximize growth in assets.
• D)maximize growth in sales.
• E)minimize cost.

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Definitions:

Comprehensive Income

The total change in equity for a reporting period that comes from transactions, other events, and circumstances from sources not directly related to investments by or distributions to equity shareholders.

Unrealized Changes

Refers to changes in the value of assets or liabilities that have occurred but have not been realized through a transaction.

Earnings Per Share

A measure of a company's profitability calculated by dividing net income by the number of outstanding shares.

Comprehensive Income

This is a measure of all changes in equity of a company that result from recognized transactions and other economic events of the period other than those resulting from investments by and distributions to owners.