The Rate of Production That Maximizes the Positive Difference Between

question 41

Multiple Choice

The rate of production that maximizes the positive difference between total revenues and total costs is the

• A) profit-maximizing rate of production.
• B) rate of production at which marginal revenue equals marginal product.
• C) rate of production at which marginal revenue equals average revenue.
• D) rate of production at which average revenue equals average total cost.

---

Definitions:

Microgram

A unit of mass equal to one millionth of a gram.

Milliliter

A unit of volume in the metric system, equal to one thousandth of a liter.

Discontinue

To stop using a product or halt a process or treatment, often on a permanent basis.

NPO

An abbreviation for "nil per os," a medical instruction meaning to withhold oral food and fluids from a patient for a specific period.