A firm will always prefer to make more profit rather than less. Do you agree with this

Question:

‘A firm will always prefer to make more profit rather than less.’ Do you agree with this statement? Is it compatible with alternatives to the profit-maximizingtheory of the firm?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

See More Books

Question Posted: Nov 18, 2013 09:34 AM

See More Questions

Do you agree with this statement? All liabilities could be legally enforced in a court of law.
Do you agree with this statement: As price goes up, demand goes down? Explain your answer.
Do you agree with some accountants who argue that intangible assets have an indefinite life and therefore should not be subject to amortization? Explain.
Let a 0. Solve |x| = 3.
Build a WBS for one of the chapter case study projects other than asset management; either customer relationship management or Collection Management. The Project should use an iterative approach and...
5. Does the plan pass Safe Harbor Test? 6. Does the plan pass the Ratio Percentage Test?
Blair Company has $\$ 5$ million in total assets. The company's assets are financed with $\$ 1$ million of debt and $\$ 4$ million of common equity. The company's income statement is summarized...
Tiago makes three models of camera lens. Its product mix and contribution margin per unit follow: Required: 1. Determine the weighted-average contribution margin per unit. 2. Determine the number of...
Assume an organization needs to do mass layoffs in order to counteract the slowing market demand for their product. What would be considered going above and beyond legal duty to do the right thing by...
City Tours Ltd. needs to update the database on a regular basis. As a customer service manager for the company, you need to add new customers and confirmations, update basic costs, delete...
What is meant by the principalagent problem? Give two examples of this problem that you havecome across in your own experience.
A firm under monopoly or oligopoly that aims to maximize sales revenue will tend to produce more than a firm that aims to maximize profits. Does this conclusion also apply under (a) perfect...
What criminal liability do corporations and senior management face for the negligence of employees?
A corporation with a matrix organizational system a. pools people into groups by skills. b. makes sure teams have more responsibility for the outcome of their work. c. organizes based on functional...
Bill and Ethel Patterson have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75%, how big a...
Describe the high-level responsibilities of a process owner/steward.
Positions that would be considered middle managers include a. sales manager. b. marketing manager. c. operations manager. d. all the above.
What behaviors do you expect from a good leader?
According to kinetic theory, the molecules of ordinary matter are in constant random motion. The energy E of a molecule is a random variable with density function p(E) = 1/kT e E/(kT) , where T is...
The following exercises are not grouped by type. Solve each equation. x610x -9
In the year 2020, the economy produces 100 loaves of bread that sell for $2 each. In the year 2021, the economy produces 200 loaves of bread that sell for $3 each. Calculate nominal GDP, real GDP,...
Microblogging is found in Web 2.0. Explain clearly and in detail why microblogging could only exist in, and be a product of, Web 2.0, and not exist in or be a product of Web 1.0.
The brute force algorithm for string matching is given below: ALGORITHM Brute Force String Match(T[0..n-1], P[0..m-1]) //Implements brute-force string matching //Input: An array T[0..n-1] of n...
Below is a 2-3 tree, into which 4 elements were inserted so far. Please insert C,H,X,P and L in this tree in the given order. Show all intermediate steps with your drawings. E RS

A firm will always prefer to make more profit rather than less. Do you agree with this

Question:

Step by Step Answer:

No this statement is not true that firm will always ...View the full answer

Economics

Students also viewed these Economics questions