Whenever the additional revenue from the last unit of output exceeds the additional cost of that unit, a profit-maximizing firm should
A. produce more in order to increase profits.
B. think about investing in another industry.
C. produce less in order to increase profits.
D. do nothing, the firm is making profits.
Answer: A
Economics
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a. true b. false
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Refer to the table above. The relative price of beer in terms of wine in B is
A) $4.50. B) 2. C) 4.5. D) $2.00.
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