Economists Usually Assume That Households and Firms,respectively,maximize

question 36

Multiple Choice

Economists usually assume that households and firms,respectively,maximize

• A)income and sales.
• B)savings and profits.
• C)wages and revenues.
• D)utility and profits.
• E)expenditures and profits.

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Definitions:

S.T.E.P. Approach

A strategic planning method focusing on scanning, targeting, evaluating, and proceeding to address organizational issues or opportunities.

Open-Book Management

A management approach where financial information is shared with employees to involve them in understanding how their actions affect the company's performance.

Stock Ownership

The holding of shares in a company, giving the shareholder a claim on part of the company’s assets and profits.

Family And Medical Leave Act

A United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.