If Marginal Profit Is Zero, Then Total Profit Is at a Maximum

question 81

True/False

If marginal profit is zero, then total profit is at a maximum.

---

Definitions:

Corporate Income Tax

A tax imposed on the net income of corporations, calculated by deducting permissible expenses from gross income.

Federal Expenditures

Refers to the spending by the federal government, including spending on national defense, social security, and other public services.

National Debt

The total outstanding borrowing of a government, consisting of internal and external loans, accumulated over years of budget deficits.

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco, alcohol, and gasoline, usually intended to discourage their use or generate revenue.