According to the Marginal Principle, Profits Are Maximized When Marginal

question 26

True/False

According to the marginal principle, profits are maximized when marginal revenue exceeds marginal cost.

---

Definitions:

Web Browser

A software application for accessing information on the World Wide Web, displaying web pages and handling web-based interaction.

Floppy Disk

A type of disk storage composed of a disk of thin and flexible magnetic storage medium, used for storing data.

Mechanical Calculator

A calculating machine used for performing arithmetic operations, built from mechanical components such as gears and levers.

Windows 95

An operating system released by Microsoft in 1995, known for its user-friendly interface, including the Start button and Taskbar.