Problem
1. Economists assume that firms have a goal to maximize profits. Is this a reasonable assumption for not-for-profit organizations?
2. Suppose you were evaluating the profit earned by a pharmaceutical company that produces three different medicines. What information would you need to know to calculate profit?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.