Whenever Average Profit Is Less Than Marginal Profit

question 6

Multiple Choice

Whenever average profit is less than marginal profit:

• A) average profit declines with increases in output.
• B) marginal profit decreases with increases in output.
• C) marginal profit increases with increases in output.
• D) average profit is maximized.
• E) average profit increases with increases in output.

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Definitions:

Physical Medicine

A branch of medicine that aims to enhance and restore functional ability and quality of life to those with physical impairments or disabilities.

Abbreviation

A contracted version of a word or phrase.

Musculoskeletal

Relating to or involving the muscles and the skeleton.

Abbreviation

A shortened form of a word or phrase, used to save space or for convenience.