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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Write a description of the evaporative method of desalination using terms from the water cycle
Answers (1)
Vasudevan Inc. recently reported operating income of $2.30 million, depreciation of $1.20 million, and had a tax rate of 25%. The firm's expenditures on fixed assets and net operating working capital totaled $0.60 million.
Answers (1)
Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2014 when Park's book value was $560,000. The Royce stock was not actively traded.
Answers (1)
What us the definition of marketing?
Answers (1)
Gonzalez Company has 350,000 shares of $10 par value common stock outstanding. During the year, Gonzalez declared a 10% stock dividend when the market price of the stock was $30 per share. Four months later Gonzalez declared a $.
Answers (1)
New Questions in Business
What does it mean to be concise in business writing? A. to use facts that readers can easily verify B. to use language that impresses readers C. to use fewer words to clearly convey ideas D. to use reliable sources to present information
Answers (1)
Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2015. On that date, Paar's equipment (10-year remaining life) has a book value of $420,000 but a fair value of $520,000.
Answers (1)
On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale.
Answers (1)
Leading economic indicators are: A. the most popular economic statistics. B. data that are used to construct the consumer price index and the unemployment rate. C. variables that tend to fluctuate in advance of the overall economy. D.
Answers (1)
Is ged the same as graduating high school?
Answers (1)