Question

profit maximisation is a sole objective of the bussiness.comment

Answer 1

Profit maximization is not the sole objective of business.

Profit maximization has been one of the main aims of the firms. The generally accepted view is the long run will wish to maximize profit.

Marginal Cost and Marginal Revenue can be used to find the profit maximizing level of output.

Hope it helps !!!!!!!!!!!!!!!!!!!!!!!!!!