If, for the Last Unit of a Good Produced by a Perfectly

question 66

Multiple Choice

If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing that unit the firm

• A)added more to total costs than it added to total revenue.
• B)added more to total revenue than it added to total costs.
• C)added an equal amount to both total revenue and total costs.
• D)maximized profits or minimized losses.

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Definitions:

Main Circuit Board

The main circuit board, often called a motherboard, is the primary printed circuit board (PCB) in computers and other electronic devices, hosting the central processing unit and providing connectors for other peripherals.

Computer

Any of a number of different types of electronic processing devices with a CPU, input circuit, data retention, and output switching.

Motherboard

The main printed circuit board in a computer that interconnects the central processing unit (CPU), memory, and other components.

Generic ESTs

A term that could refer to generic Electronic Service Tools, which are software applications used for diagnostics and programming of electronic systems in vehicles or machinery.