Economists normally assume that the goal of a firm is toi. earn profits as large as possible, even if it means reducing output. ii. earn revenues as large as possible, even if it means reducing profits. iii. minimize costs, regardless of profits. a. (i) onlyb. (i) and (ii) onlyc. (ii) and (iii) onlyd. (i), (ii), and (iii)

Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives