In Economic Terms, a Practical Approach to Maximizing Profits Requires

question 8

Multiple Choice

In economic terms, a practical approach to maximizing profits requires an examination of how changes in production affect _______ and _______.

• A) total revenue; total cost
• B) marginal revenue; marginal cost
• C) total revenue; marginal cost
• D) marginal revenue; total cost

---

Definitions:

Disinfectants

Disinfectants are chemical agents used to eliminate or reduce harmful microorganisms on surfaces, in water, or in the air, to prevent infection and disease spread.

Hydrogen

A chemical element with the symbol H and atomic number 1, notable for being the lightest and most abundant element in the universe.

Oxygen

A chemical element with the symbol O and atomic number 8, essential for respiration in most terrestrial life forms and used in various industrial applications.

Capacity Constraint

A limit to the amount of goods or services that can be produced or provided due to physical or resource limitations.