If Marginal Profit Is Zero, Then Total Profit Is at a Maximum

question 81

True/False

If marginal profit is zero, then total profit is at a maximum.

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Definitions:

Instrumentality

The belief that a certain performance level is connected to achieving a desired outcome.

Expectancy Theory of Motivation

A psychological theory suggesting that people are motivated to engage in behaviors based on the expected outcomes and the value of those outcomes to them.

Administering an Unpleasant Outcome

The process of executing or delivering a negative or unfavorable result or decision.

Punish

The act of imposing a penalty or consequence on someone for their behavior or actions, often as a method of enforcing rules or discipline.