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Presume the utility function for a firm manager is U = Î + bQ, where Q is output, Î is profit, and b is a positive constant. How would the firm's output compare with what it would be if the manager's objective was to maximize profit?

A. It would be greater than the profit-maximizing output.

B. It would be less than the profit-maximizing output.

C. It would be the same as the profit-maximizing output.

D. None of the statements associated with this question are correct.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225059

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