If, for the Last Unit of a Good Produced by a Perfectly

question 256

Multiple Choice

If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing it, the firm

• A)added more to total costs than it added to total revenue.
• B)added more to total revenue than it added to total cost.
• C)is maximizing marginal profit.
• D)has minimized its losses.

---

Definitions:

Soil Fertility

the ability of soil to support plant growth by providing necessary nutrients, water, and air.

Golden Age

A period of great achievement in a society's history, marked by prosperity, cultural richness, and significant advancements.

Conservation

The protection and preservation of natural resources and the environment through careful management and sustainable practices.

Preservationists

Individuals or groups dedicated to the protection and preservation of natural resources, historical sites, or cultural artifacts.