Illustrate normative statement
In economics illustrate normative statement?
Expert
The term normative statement in economics is just like a normative statement in any other academic subject. We can say it is a statement about something with an implicit value judgment or moral claim.
It is differ from a descriptive statement i.e. supposed to be ideologically or value neutral.
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When Robomatic Corporation maximizes profit in its production of RoboMaids, its monthly total revenue will be roughly: (i) $100 million. (ii) $140 million. (iii) $160 million. (iv) $200 million. (v) $240 million. Discover Q & A Leading Solution Library Avail More Than 1445814 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1939602 Asked 3,689 Active Tutors 1445814 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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