Refer to Figure 22.3 at Quantity Level B

question 105

Multiple Choice

Refer to Figure 22.3 at quantity level B

• A)The company is maximizing profit.
• B)Marginal cost is greater than marginal revenue,so it should cut production.
• C)The company is minimizing loss.
• D)Marginal revenue is greater than marginal cost,so the firm should expand production.

---

Definitions:

Steroid

Type of lipid molecule having a complex of four carbon rings—e.g., cholesterol, estrogen, progesterone, and testosterone.

Lipid Molecule

Organic molecules that are fatty acids or their derivatives and are insoluble in water but soluble in organic solvents.

Phospholipid

Molecule that forms the bilayer of the cell’s membranes; has a polar, hydrophilic head bonded to two nonpolar, hydrophobic tails.

Functional Group

A specific grouping of atoms within a molecule that is responsible for a characteristic chemical reaction.