The Desire to Maximize Profits Is an Example of A(n)

question 8

Multiple Choice

The desire to maximize profits is an example of a(n)

• A) decision.
• B) constraint.
• C) objective.
• D) parameter.

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Definitions:

Ad Valorem Tariff

A customs duty or tax levied on goods, calculated as a percentage of the item's total value.

Quota

A restriction on the number of units of a particular product that can be imported into a country.