As Long as an Additional Unit of Output Yields a Marginal

question 108

True/False

As long as an additional unit of output yields a marginal revenue larger than its marginal cost, it will be adding to total profits of the firm.

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Definitions:

Secretion

The process by which substances are produced and discharged from cells or glands for a particular function in the organism or for excretion.

Absorption

The process by which substances are taken up into or across tissues, such as nutrients being absorbed through the gastrointestinal tract into the bloodstream.

Biopsy

A medical test involving the extraction of sample cells or tissues for examination to determine the presence or extent of a disease.

Autopsy

A post-mortem examination of a body to determine the cause of death or study the effects of diseases.