List the fundamental proposition for the Theory of a Firm.

List the fundamental proposition for the Theory of a Firm.

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a) The firm strives towards the achievement of its goal- usually profit maximization.

b) While choosing between alternatives, the firm prefers the alternative which helps it to consistently achieve profit maximization.

c) Firm is a unit which transforms valued inputs into outputs of a higher value, given the state of technology.

d) The market conditions for a firm to operate are given.

e) The primary concern of the theory of firm is to analyze change in the prices and quantities of inputs and outputs.

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marto answered the question on April 16, 2019 at 13:08

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