Which of the Following Statements About Marginal Analysis Is True

question 81

Multiple Choice

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.

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