If the Marginal Cost of Producing a Television Is Constant

question 80

Multiple Choice

If the marginal cost of producing a television is constant at $200,then a firm should produce this item

• A)only if the marginal benefit it receives is greater than $200 plus an acceptable profit margin.
• B)as long as the marginal benefit it receives is just equal to or greater than $200.
• C)as long as its marginal cost does not rise.
• D)until the marginal benefit it receives reaches zero.

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Definitions:

Predictors

Variables or factors that are used to forecast or anticipate future events, outcomes, or behaviors.

Turnover

The pace at which employees are leaving a company and new individuals are employed in their stead.

Dissatisfaction

The feeling of unhappiness or displeasure arising from unmet expectations or needs in various contexts, such as work or personal relationships.

Plentiful Jobs

indicates a situation or market condition where there are many employment opportunities available.