Profit Is Maximized at the Output at Which Marginal Revenue

question 154

True/False

Profit is maximized at the output at which marginal revenue equals marginal cost.

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Definitions:

Yield Point

The stress at which a material begins to deform plastically, after which deformation will occur without any increase in load.

Internal Threads

Threads located on the inside surface of a hole or cylinder, designed to mate with external threads of a bolt or screw.

Tap

A hand- or machine-actuated tool used to cut internal threads.