Economists Expect the Firm to Maximize ________,The Laborer to Accept

question 167

Multiple Choice

Economists expect the firm to maximize ________,the laborer to accept the best ________,and the consumer to find the combination of goods that gives the most ________.

• A) utility; profits; offers
• B) utility; offer; profit
• C) profit; offer; utility
• D) profits; utility; offers
• E) offers; profits; utility

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Definitions:

State University

A publicly funded university maintained by a state government that typically offers lower tuition costs to in-state residents.

Exempt From Income

Describes income that is not subject to income tax under current tax laws.

Compensation

Payment or benefit given to an individual, such as salary, wages, or bonuses, for services rendered.

Injuries Or Sickness

This refers to physical or mental conditions that may qualify an individual for certain tax benefits or deductions.