Maximization is very important assumption in managerial economics
Answers
Answered by
0
Answer:
The wealth maximization model is based on the assumption, therefore, that the effects of business decisions can be quantified in terms of future revenue and cost. When faced with decision alternatives, the firm can select the option that maximizes its wealth — that is, the net present value of its future profit flows.
Similar questions
Physics,
5 months ago
Hindi,
5 months ago
Computer Science,
11 months ago
Math,
11 months ago
Biology,
1 year ago