Table 14-3 Use the Information for a Competitive Firm in the Table

question 33

Multiple Choice

Table 14-3
Use the information for a competitive firm in the table below to answer the following questions.

-Refer to Table 14-3.If the firm finds that its marginal cost is $11,it should

• A)increase production to maximize profit.
• B)increase the price of the product to maximize profit.
• C)advertise to attract additional buyers to maximize profit.
• D)reduce production to increase profit.

---

Definitions:

Bulimia Nervosa

An eating disorder marked by binge eating followed by methods to avoid weight gain, such as vomiting or excessive exercise.

Anorexia Nervosa

A potentially fatal psychological eating disorder defined by deliberate self-starvation and significant weight reduction.

Bulimia Nervosa

A mental health disorder characterized by a cycle of binge eating followed by purging to try to control weight.

Normal Weight

A weight range considered healthy and appropriate for a person's height, as defined by medical and nutritional guidelines.