A profit-maximizing firm is constrained by
A)demand for its product.
B)limited resources.
C)available technology.
D)limited information.
E)all of the above.

Question

Quizplus · Accepted Answer

A profit-maximizing firm is constrained by all of the factors mentioned in the options - demand for its product, limited resources, available technology, and limited information. The firm's ability to maximize profits depends on its ability to manage these constraints effectively. For example, the firm has to make pricing and production decisions based on the level of demand for its product, while also considering its resource and technological limitations. Additionally, the firm may face limitations in terms of the quality and quantity of information available to make decisions.

A Profit-Maximizing Firm Is Constrained by