In General, Firms Will Produce at a Rate of Output

question 206

Multiple Choice

In general, firms will produce at a rate of output such that marginal revenue equals marginal cost because this output rate will

• A) bring total revenue into equality with total cost.
• B) maximize the difference between the revenue received from the last unit and the cost incurred in producing the last unit.
• C) result in the lowest possible average total costs of production.
• D) maximize the firm's profit.

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