Question

In: Economics

Most economists assume that the goal or objective of business firms is to


Most economists assume that the goal or objective of business firms is to 

be socially responsible 

maximize size. 

maximize profits. 

satisfice.

maximize sales.

Solutions

Expert Solution

According to us a business should be like who is beneficial for the society and welfare for other as well

But if we talk in terms of economist then the main goal of a firm is to maximize the profit

Whenever the business starts then and they try to maximize the revenue by minimising their cost so that have a good amount of profit

since profit is the difference of total revenue and total cost.

Every business firm has not goal to maximize in size or socially responsible

Hence the correct answer is option C

Rahul Sunny answered 1 year ago
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