A Profit-Maximizing Firm in the Short Run Will Expand Output

question 111

Multiple Choice

A profit-maximizing firm in the short run will expand output

• A)until marginal cost begins to rise.
• B)until total revenue equals total cost.
• C)as long as marginal revenue is less than marginal cost.
• D)as long as marginal revenue is greater than marginal cost.

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Definitions:

Business Messages

Communications conveyed within or outside a business, typically involving information related to operations, services, or products.

Visual Placement

The strategic positioning of visual elements in a layout or design to achieve a desired effect.

Business Documents

Written records that are essential for the operation and management of a business, including reports, memos, contracts, and policies.

Techniques

Methods or ways of carrying out a particular task, especially in a skilled or artistic work.