Table 14-1 This Table Shows the Revenue and Costs of a Parrot

question 162

Multiple Choice

Table 14-1
This table shows the revenue and costs of a parrot farmer.
-Refer to Table 14-1.If the farmer determines that marginal cost is $14, a harvest of parrots should:

• A)increase production to maximise profit
• B)decrease production to maximise profit
• C)maintain its current level of production to maximise profit
• D)stop the farm and exit the industry

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Definitions:

Dominate

To have control or power over; to be the most influential factor in.

Function

In mathematics and computer science, a specific relation or expression involving one or more inputs and a single output.

Anal Stage

A phase in Freud's psychosexual development theory where pleasure is focused on the anal region and issues around control and order arise.

Erotic Feelings

Emotions and sensations associated with sexual attraction and desire.