When Making the Output Decision to Maximize Profit and When

question 61

Multiple Choice

When making the output decision to maximize profit and when output is a discrete choice variable,a manager should choose

• A)the level of output where marginal revenue exactly equals marginal cost.
• B)the last level of output for which marginal revenue exceeds marginal cost.
• C)the output level where marginal revenue is as close to marginal cost as possible.
• D)the output level where sunk costs are minimized and total revenue is maximized.

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Definitions:

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