Which of the following statements about marginal analysis is true?
A) Marginal analysis is typically a straightforward procedure to apply in real-life situations.
B) An important factor in marginal analysis is predicting demand, which is an exact science.
C) Marginal revenue is also the demand curve, so it represents the amount customers will buy at different prices.
D) Profit is maximized at the point at which marginal cost is exactly equal to marginal revenue.
E) The cost of producing a unit beyond the point when marginal cost equals marginal revenue is much less than the revenue from the sale of that unit.
D
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A person claiming self defense must retreat before resorting to force
a. true b. false
Orlando opened a hot dog stand in Brooklyn which unfortunately did not earn him a profit. He had borrowed $5,000 from the bank to set it up, which had to be repaid to the bank in two days
However, Orlando's friend Bob agreed to partner with him starting the subsequent month. From which of the following sources can the bank recover its $5,000 with interest? A) Orlando's secondary financer B) Orlando's savings account C) Orlando's family D) Bob, Orlando's prospective business partner