Business

Robert

7 August, 06:34

According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will A. do so regardless of what type of competition exists in a market. B. take a long-run perspective on costs, when such costs cannot be adjusted. C. take a short-run perspective on labor costs which cannot be immediately changed. D. breakdown its cost structure according to short-run adjustments.

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

If you live in an egalitarian foraging society with a low population density that occupies temporary camps, where everyone has equal access to resources through sharing and reciprocity, where there are no permanent positions of authority, and where

Suppose Nationwide increases the insurance premium they charge for their auto policies by 16 percent. In response, the demand for State Farm auto policies in a small town increases from 3 comma 500 to 4 comma 025.

Su lin and angela are discussing how the veterinary technician can play an important role in preventing euthanasia of animals for behavior problems. su lin says that veterinary technicians can provide the pet owner with preventative counseling.

Yesterday, Berryman Investments was selling for $90 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock today? (Do not include the $ sign in your answer).

A spurious relationship occurs between two variables when:

New Questions in Business

JLK is a partnership that was formed two years ago and has been extremely successful thus far. The owners have decided to incorporate and offer shares of stock to the general public. What is this type of an equity offering called?

Tom has a life insurance policy with a $1.8 million benefit. If this money was put into an account with a 4.5% interest rate, how much income can his beneficiaries expect in case Freddy dies

Assume that an individual only consumes two goods: pizza and colapizza and cola , with pizzapizza being a normal gooda normal good.

Line workers at a Virginia steel mill developed a new process that made the line safer. It went through only one level of management before it was approved by the vice president of operations.

The Romer and Romer 2010 paper in the American Economic Review found that tax changes that are made to promote long-run growth or to reduce an inherited budget deficit tend to result in ___.