To Indicate That the Firm Is Maximizing Instead of Minimizing

question 158

Multiple Choice

To indicate that the firm is maximizing instead of minimizing profit:

• A) the change in marginal revenue must exceed the change in marginal cost.
• B) the change in marginal cost must exceed the change in marginal revenue.
• C) marginal revenue must exceed marginal cost.
• D) marginal cost must exceed marginal revenue.

---

Definitions:

Waist-to-Hip Ratio

A measurement used to assess the distribution of body fat, calculated by dividing the waist circumference by the hip circumference.

Income

Money received, typically on a regular basis, for work or through investments.

Preferences

Individual choices or inclinations towards certain opinions, objects, or outcomes over others.

Unrequited Love

A situation in which one person loves another but the other does not return that love.