Which of the Following Is a Condition for Maximum Profit

question 236

Multiple Choice

Which of the following is a condition for maximum profit?

• A) VMP = W.
• B) VMP = MC.
• C) MP = W.
• D) MC = W.

---

Definitions:

Official Poverty

A governmentally determined poverty threshold that indicates the minimum level of income required to meet basic needs.

Intergenerational Mobility

The change in social status or class across generations within a family.

Standard of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Structural Mobility

The movement of individuals or groups within or between social strata in a society, typically driven by changes in the economy or societal structures rather than individual efforts.