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:

National Labor Relations Board

A federal agency of the United States responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

General Counsel's Office

The legal department within a corporation, providing advice on legal matters and representing the company in court.

Elected Officials

Individuals who have been chosen through a voting process to hold public office positions in government.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the rights of workers to organize, join labor unions, and engage in collective bargaining.