Firm Will Maximize Profit by Producing That Level of Output

question 96

Multiple Choice

firm will maximize profit by producing that level of output at which

• A)the additional revenue from the last unit sold exceeds the additional cost of the last unit by the largest amount.
• B)the additional revenue from the last unit sold equals the additional cost of the last unit.
• C)total revenue exceeds total cost by the largest amount.
• D)total revenue equals total cost.
• E)both b and c