Whenever the Additional Revenue from the Last Unit of Output

question 22

Multiple Choice

Whenever the additional revenue from the last unit of output exceeds the additional cost of that unit,a profit-maximizing firm should

• A)do nothing,the firm is making profits.
• B)produce less in order to increase profits.
• C)produce more in order to increase profits.
• D)think about investing in another industry.

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Definitions:

Indoor pollution

Indoor pollution refers to the presence of pollutants within and around buildings and structures, primarily affecting the quality of indoor air.

Mosquito nets

A mesh fabric used to prevent mosquitoes from entering a space, reducing the risk of mosquito-borne diseases.

Handwashing

The act of cleaning hands with soap and water or hand sanitizer to remove dirt, germs, and other contaminants.

Indigenous peoples

Ethnic groups who are the original inhabitants of a given region, maintaining traditions or other aspects of an early culture associated with a particular territory.