To an Economist,maximizing Profit Is

question 106

Multiple Choice

To an economist,maximizing profit is:

• A) maximizing the value of the firm.
• B) maximizing the current year's profits.
• C) minimizing the permanent total costs.
• D) minimizing the future risks.

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Definitions:

Goodwill Statement

A message that aims to foster positive feelings, build rapport, or enhance the relationship between parties, often used in business communications.

Unavoidable Circumstances

Situations or events that cannot be prevented or altered, often leading to changes in plans or the need for adaptation.

Effective Communication

The successful exchange of information between individuals or groups that results in the intended understanding or action.

Direct Approach

A communication strategy that involves straightforward and clear delivery of messages without indirect hints or ambiguity.