Question: a) Explain differences between profit maximization and wealth maximization in business context. (5 marks) b) Idlan has been awarded a bonus for his outstanding work.

a) Explain differences between profit maximization and wealth maximization in business context.

(5 marks)

b) Idlan has been awarded a bonus for his outstanding work. His employer offers him a choice of the following stream as rewards for his excellent achievement. Determine the best option for Idlan if his opportunity cost is 8 percent. Explain your answer.

(15 marks)

a) Explain differences between profit maximization and wealth maximization in business context.(5

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