Assuming Price Is Greater Than Average Variable Cost in the Short-Run

question 42

Multiple Choice

Assuming price is greater than average variable cost in the short-run, the firm will maximize profit if:

• A) marginal profit is zero and marginal revenue is below marginal cost at higher output levels.
• B) marginal profit is zero and marginal revenue is greater than marginal cost at higher output levels.
• C) marginal profit is zero and marginal cost is decreasing.
• D) marginal profit is zero and marginal revenue is decreasing.
• E) marginal profit is zero.

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Definitions:

Stools Whitish

A condition where feces have a light or whitish color, often indicating a lack of bile in the digestive system.

Motility Problems

Issues related to the movement or function of the digestive tract, muscles, or other parts of the body.

Colon And Rectum

Parts of the large intestine; the colon absorbs water and nutrients from digested food, and the rectum stores feces until excretion.

Diagnosed

Determination of a disease or condition from its signs and symptoms.