If Marginal Revenue and Marginal Cost Are Not Equal, Profit

question 45

Multiple Choice

If marginal revenue and marginal cost are not equal, profit can be maximized by

• A)increasing output if MR > MC.
• B)decreasing output if MC > MR.
• C)moving to the output where the slopes of TR and TC are equal.
• D)All of the responses are correct.

---

Definitions:

Effective Business Writing

The skill of conveying messages in the professional setting in a clear, concise, and purposeful manner to achieve a specific business objective.

Merchandise

Goods or products that are bought and sold, especially in the context of retail.

Medium

A means of communication or expression, such as newspapers, radio, or the internet.

Channel

A medium through which a message is transmitted from a sender to a receiver.