Asked by Amber Urquijo on Sep 30, 2024
Profit maximization is a deontological theory.
Profit Maximization
The process by which a firm determines the price and output level that returns the greatest profit.
Deontological Theory
A moral philosophy that emphasizes the importance of duty and the inherent morality of actions, rather than outcomes or consequences.
- Grasp a firm comprehension of the essential principles behind diverse ethical theories, like deontological, teleological, utilitarian, and rights-based perspectives.
Learning Objectives
- Grasp a firm comprehension of the essential principles behind diverse ethical theories, like deontological, teleological, utilitarian, and rights-based perspectives.
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