For a Competitive Firm, Which of the Following Is False

question 95

Multiple Choice

For a competitive firm, which of the following is false?

• A)Marginal cost is constant as output changes.
• B)Marginal revenue equals price.
• C)Profit is maximized when price equals marginal cost.
• D)Profit is maximized when marginal revenue equals marginal cost.
• E)Producer surplus is zero.

---

Definitions:

Gantt Chart

A visual project management tool that displays tasks or events along a timeline, showing start and end dates as well as dependencies.

Flowcharts

A visual representation of a process or system, using symbols and arrows to depict the steps and flow of operations.

Communication Channels

The mediums through which information is transmitted from one entity to another, including verbal, non-verbal, written, and digital forms.

Organization Chart

A diagram that displays the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.