Home / Questions / The goals of charitable organizations are inevitably inconsistent with the principles

The goals of charitable organizations are inevitably inconsistent with the principles

 The goals of charitable organizations are inevitably inconsistent with the principles
                            associated with profit maximization.

22.              The MR = MC rule is no longer accepted by most economists as representing the
                            behavior of firms.

23.              All economists agree that the firm’s only goal is to maximize profit.

 

24.              A firm will never operate at a loss.

 

25.              Marginal cost is always greater than zero, regardless of the output level.

 

26.              A firm would be maximizing profit if MR > MC and TR > TC.

 

27.              ATC always exceeds AVC.

 

28.              Each firm knows where its MR = MC output level is located.

 

29.              If MR = MC, then TR and TC differ by a maximum if positive profits are earned.

 

30.              If MR > MC, a profit-maximizing firm should increase output.

 

 

31.              Producing where MR = MC guarantees that the firm earns a profit.

 

32.              Price = MR only if the price is fixed.

 

 

 

Dec 09 2019 Read more Less More

Answer (UnSolved)

question Subscribe To Get Solution

Recent Questions

Chat Now

Welcome to Live Chat

Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.

Please fill in the form