A Profit-Maximizing Price Searcher Will Expand Output to the Point

question 108

Multiple Choice

A profit-maximizing price searcher will expand output to the point where

• A) total revenue equals total cost.
• B) marginal revenue equals marginal cost.
• C) price equals average total cost.
• D) price equals marginal cost.

---

Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a classification and diagnostic tool used by mental health professionals to assess and diagnose mental disorders.

Psychological Dysfunction

A deviation from normal cognitive, emotional, or behavioral functioning, which can lead to distress or impairment in important areas of life.

Negative Affectivity

One of five trait domains associated with personality disorders in the DSM-5, it is characterized by a tendency to feel negative emotions such as anxiety, depression, and suspicion.

Anxiety

A psychological and physiological state characterized by somatic, emotional, cognitive, and behavioral components, which is often the result of stress and worry.