Which of the Following Is Never True for a Sales

question 31

Multiple Choice

Which of the following is never true for a sales revenue maximizer with an upward-sloping supply curve?

• A)MR = 0 
• B)MR = MC 
• C)Economic profits are positive.
• D)P = MC

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Definitions:

Null Hypothesis

The theory asserting that the observed differences between certain groups are not substantial but rather can be attributed to errors in sampling or experimentation.

Obtained Value

The actual value or result found from a statistical test or experiment.

Critical Value

A point on the scale of the test statistic beyond which the null hypothesis is rejected.

Null Hypothesis

A default hypothesis that there is no significant difference or relationship between specified populations, any observed effect is due to sampling or experimental error.