To Develop a Useful Picture of a Firm's Behavior,economists Assume

question 8

Multiple Choice

To develop a useful picture of a firm's behavior,economists assume that the

• A)firm's goal is to maximize total revenue
• B)firm's goal is to maximize profit
• C)firm's goal is to minimize marginal cost
• D)roles of owner,manager and worker are performed by the same individuals
• E)roles of owner,manager and worker are interchangeable

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Definitions:

Copper Electroplating

A process of coating objects with a thin layer of copper by using an electric current to reduce dissolved copper ions onto an electrically conductive surface.

Copper Sulfate

A chemical compound formed by combining copper, sulfur, and oxygen (CuSO4).

Metallic Salt

A chemical compound that is generally in a crystal state and exhibits the properties of a metal.

Electroplating Operation

A process that uses electrical current to reduce dissolved metal ions so that they form a coherent metal coating on an electrode.