If Profits Depend on Both How Much Is Produced (Output)and

question 48

Multiple Choice

If profits depend on both how much is produced (output) and on the level of advertising,then a profit-maximizing firm should choose the levels of output and advertising at which

• A)the marginal revenue of output equals the marginal cost of output.
• B)the addition to total revenue of the last unit of advertising equals the addition to total cost of the last unit of advertising.
• C)total revenue equals total cost for both output and advertising.
• D)both a and b
• E)both b and c

---

Definitions:

Health Act

Legislation that provides guidelines and regulations to ensure the safety, well-being, and health protection of individuals in the workplace or public spaces.

Americans With Disabilities Act

A civil rights law that prohibits discrimination based on disability in areas such as employment, public accommodations, and telecommunications.

Equal Employment Opportunity

The principle that all individuals should have equal access to work opportunities, free from discrimination.

NIOSH Standards

Guidelines and recommendations issued by the National Institute for Occupational Safety and Health for preventing workplace injuries and illnesses.