A Profit-Maximizing Entrepreneur Will Produce and Sell an Additional Unit

question 77

Multiple Choice

A profit-maximizing entrepreneur will produce and sell an additional unit of output as long as

• A) it lowers the firm's unit costs.
• B) it lowers the firm's marginal cost.
• C) it adds more to revenue than it adds to cost.
• D) there is additional plant capacity to produce.

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Definitions:

Ethical Decisions

Choices based on moral principles and values, often considering the well-being of others and the broader society.

Individual Morals

The personal values and ethics that an individual holds, guiding their behavior and decision-making.

Two-Way Communication

A process of exchange where both parties send and receive information, facilitating dialogue and understanding, often used in effective public relations and conflict resolution.

Corporate Stewardship

The responsibility corporations take on to manage their economic, social, environmental, and governance practices sustainably.