Which of the Following Must Be True If a Price-Searcher

question 57

Multiple Choice

Which of the following must be true if a price-searcher firm is operating at the profit-maximizing output rate?

• A) The marginal cost of producing the last unit is greater than the marginal revenue derived from its sale.
• B) The marginal cost of producing the last unit is no greater than the marginal revenue derived from its sale.
• C) The total cost of producing all units is no greater than the total revenue derived from the sale of the units.
• D) The total cost of producing all units is less than the total revenue derived from the sale of the units.

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Definitions:

Greater Sciatic Notch

A notable depression in the ilium bone of the pelvis through which the sciatic nerve passes, significant for leg movement and sensation.

Ischium

Superior bone of the coxal bone.

Ilium

The largest of the three bones making up the pelvis, contributing to the hip joint.

Acetabulum

Cup-shaped depression on the external surface of the coxa.