A competitive firm will maximize profits at that output at which:
A. total revenue exceeds total cost by the greatest amount.
B. total revenue and total cost are equal.
C. price exceeds average total cost by the largest amount.
D. the difference between marginal revenue and price is at a maximum.
Answer: A
Economics
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It may be argued that theoretically, international capital movements
A) tend to hurt labor in donor countries. B) tend to hurt the donor countries. C) tend to hurt the recipient countries. D) tend to hurt labor in recipient countries. E) increase future production in donor countries.
Economics
How does a laissez-faire economy decide which consumer gets each of the goods that has been produced?
What will be an ideal response?
Economics