What are the two constraints that firms face while trying to maximize profits?
a. price index and government tools
b. law of supply and law of demand
c. cost of production and consumer demand
d. labor and raw materials
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are the two constraints that firms face while trying to maximize profits? a. price index and government tools b. law of supply and law ...” 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
Looking at a traditional organization chart, you will view who reports to whom; you will have a sense of each person's authority and responsibility, and the type of work that they perform for the organization.
Answers (1)
The cost method that will yield the highest taxable income during times of inflation is the a. weighted average inventory cost method. b. FIFO inventory cost method. c. specific identification inventory cost method. d. LIFO inventory cost method.
Answers (1)
Theo buys 116 shares of Raxin Accounting at $15.66 per share and 165 shares of Sanden Research Labs at $8.57 per share. If Theo's broker charges a commission of $11.50 per ten shares bought or sold, how much does Theo pay in commission?
Answers (1)
RT Renovations is organized with two service departments (S1 and S2) and two production departments (P1 and P2). The company uses the step method to allocate service department costs, allocating from S1 to S2, P1, and P2 first.
Answers (1)
Jaune Magazine (JM) must decide whether or not to publish a tell-all story about a celebrity. If the story ends up having major impact, JM will realize substantial profits from additional magazine sales, subscriptions, and advertising revenues.
Answers (1)
New Questions in Business
Suppose the government imposes regulations that reduce the amount of pollution in the air. In four or more sentences, define incentive, explain the government's incentive for this regulation and how effective this process is.
Answers (1)
Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years? a. $1,122.54b. $1,181.62c. $1,240.70d. $1,302.74e. $1,367.88
Answers (1)
Which of the following is FALSE about public-sector decision making? Decisions are based on majority rule. Incentives play a role in decision making. Decisions involve no opportunity cost.
Answers (2)
What isn't not a stock derivative
Answers (1)
Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised at $810,000.
Answers (1)