Profit Maximization Will Yield the Same Result as Cost Minimization

question 42

Multiple Choice

Profit maximization will yield the same result as cost minimization when:

• A)costs and revenues are both variable.
• B)costs are constant.
• C)per unit profits are constant.
• D)revenues are constant.

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Definitions:

Macro

A sequence of commands or instructions consolidated into a single command to automate repetitive tasks in software applications.

Submacro

A subdivision of a macro in programming that performs a specific task or function as part of a larger macro, helping to organize complex sequences of actions.

Macro List

A compilation of macros, which are sets of instructions that automate tasks, typically within software applications.

Command

An instruction to a computer or software application to perform a specific task.