If a Perfectly Competitive Wheat Farmer Is Maximizing Its Profit

question 138

Multiple Choice

If a perfectly competitive wheat farmer is maximizing its profit and then increases its output,the farmer's

• A) total revenue increases, but total cost rises by more so that the farmer's total profit decreases.
• B) total revenue decreases and total cost increases, both thereby decreasing the farmer's total profit.
• C) total revenue does not change but total cost increases, thereby decreasing the farmer's total profit.
• D) marginal revenue increases, but so does marginal cost, so that the farmer's total profit increases.
• E) total revenue and total cost both rise, but the effect on the farmer's total profit is uncertain.

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Definitions:

Scrub Nurse

A nursing professional who assists in surgical procedures within the sterile field, responsible for managing surgical instruments and maintaining asepsis.

Preoperative Management

The care and preparations undertaken before a surgical procedure to ensure the best possible outcome for the patient.

Postoperative Management

Refers to the care and treatment provided to a patient after undergoing surgical procedure, aiming at promoting recovery and preventing complications.

Sterile Procedure

A medical practice conducted under conditions designed to prevent contamination by pathogens.