The alternative of profit maximization theory is:

A. Cost maximization

B. Product maximization

C. Revenue maximization

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Karl Marx:
  2. If X and Y are close substitutes, a fall in price of X will lead to:
  3. Under competitive conditions, the industry will be in equilibrium:
  4. The equilibrium conditions, MC = MR = AR = AC, will happen:
  5. The demand curve of a firm in monopolistic competition is:
  6. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  7. Elasticity (E) expressed by the term, 8 >E>1, is:
  8. A demand schedule is shown as:
  9. The budget-line is also known as the:
  10. Under perfect competition, at equilibrium, marginal cost is:
  11. When total revenue (TR) falls in monopoly then elasticity of demand is:
  12. The MRTS along an iso-quant goes on to:
  13. Marginal Utility (MU) curve is always:
  14. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  15. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  16. Isocost line shows the combinations of labor and capital where a firms budget is:
  17. Elasticity of demand is equal to unity while marginal revenue is:
  18. In case of perfect competition, TR curve rises at a:
  19. Moving down along a linear demand curve:
  20. With elasticity of demand, the:
  21. Time Preference Theory of Interest was presented by:
  22. The concept of product differentiation was firstly introduced by:
  23. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  24. In monopoly, new firms:
  25. The cost curves of the firm shift due to changes in:
  26. The difference between accounting profits and economic profits is:
  27. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  28. Perfect competition assumes:
  29. Of the following commodities, which has the lowest price-elasticity of demand?
  30. Demand is elastic when the coefficient of elasticity is: