Which two of the following are likely to be true for a firm which can be said to be a…
Which two of the following are likely to be true for a firm which can be said to be a… | savvyessaywriters.org
Which two of the following are likely to be true for a firm which can be said to be a ‘satisfier’?
(a) Marginal profit is zero.
(b) The firm will revise its objectives if achievement fails to match aspiration.
(c) The firm produces at break-even output.
(d) It is extremely difficult to predict the firm’s output and pricing policy.
(e) The difference between total revenue and total cost is a maximum.
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