Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
expand sales and increase profit
i dont know what does profit affect microeconomics
In the long run, if a firm is making a profit more firms will enter. This will cause profit to drop. Firms will eventually drop out because of this and economic profit will makes it way to zero(a result of the invisible hand).
Maximize profit
Firms produce multiple products because the aim is to be a producer that maximizes profit. Firms produce multiple products to get maximum profit.
expand sales and increase profit
i dont know what does profit affect microeconomics
In the long run, if a firm is making a profit more firms will enter. This will cause profit to drop. Firms will eventually drop out because of this and economic profit will makes it way to zero(a result of the invisible hand).
Maximize profit
Profit Maximization
s vary among firms? support each theory with practical five examples
Profit
Development firms speculate on an amount of land to purchase--based on salability--and develop accordingly, in order to maximize profit
Innovate and possibly earn an economic profit in the short run.
They are guaranteed a profit.
Japanese firms are competitive because they want to make a profit. They typically do this by expanding outside of Japan.