Factors influencing supply curve - goals of the firm, Managerial Economics

Goals of the firm

How much is produced by a firm depends on its objectives.  A firm which aims to maximise its sales revenue, for example, will generally supply a greater quantity than a firm aiming to maximise profits (see markets).  Changes in these objectives will usually lead to changes in the quantity supplied.

Posted Date: 11/27/2012 6:01:09 AM | Location : United States

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