subject
Business, 03.12.2019 18:31 simonthang8

Astudent argues: "to maximize profit, a firm should produce the quantity where the difference between marginal revenue and marginal cost is the greatest. if a firm produces more than this quantity, then the profit made on each additional unit will be falling."
is the above statement true or false?

a. true. as per-unit profit falls, total profit falls.
b. false. profit is maximized at the output level where marginal revenue equals marginal cost.
c. false. per-unit profit increases and is maximized where marginal revenue equals marginal cost.
d. true. this is where marginal profit equals marginal cost and profit is maximized.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
Jing-sheng facilitated a hiring committee for his advertising company. six employees (including two managers) met together to discuss applicants and select the finalists for a copywriter position in the public relations department. although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. in setting up this type of hiring process, the head of public relations was utilizing a(n) style of leadership.a. autocraticb. free-reinc. contingentd. participative
Answers: 3
question
Business, 22.06.2019 08:30
What is the key to success in integrating both lethal and nonlethal activities during planning? including stakeholders once a comprehensive operational approach has been determined knowing the commander's decision making processes and "touch points" including stakeholders from the very beginning of the design and planning process including the liaison officers (lnos) in all the decision points?
Answers: 1
question
Business, 23.06.2019 10:00
Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives
Answers: 1
question
Business, 23.06.2019 19:10
Economic models a. are constructed to mirror reality as closely as possible, and in this respect economic models are no different from other scientific models. b. are constructed to mirror reality as closely as possible, and in this respect economic models are very different from other scientific models. c. are simplifications of reality, and in this respect economic models are no different from other scientific models. d. are simplifications of reality, and in this respect economic models are very different from other scientific models.
Answers: 2
You know the right answer?
Astudent argues: "to maximize profit, a firm should produce the quantity where the difference betwe...
Questions
question
Mathematics, 23.05.2020 09:59
question
Mathematics, 23.05.2020 09:59
Questions on the website: 13722361