1.2.1 Flashcards
1
Q
What do consumers want maximise?
A
Utility
2
Q
What do firms aim to maximise?
A
Profit
3
Q
What do the government want to maximise?
A
Social welfare
What do consumers want maximise?
Utility
What do firms aim to maximise?
Profit
What do the government want to maximise?
Social welfare