In General, Firms Will Produce at a Rate of Output

question 206

Multiple Choice

In general, firms will produce at a rate of output such that marginal revenue equals marginal cost because this output rate will

• A) bring total revenue into equality with total cost.
• B) maximize the difference between the revenue received from the last unit and the cost incurred in producing the last unit.
• C) result in the lowest possible average total costs of production.
• D) maximize the firm's profit.

---

Definitions:

Inconsistent Person

An individual whose actions, beliefs, or emotions vary significantly over time, lacking regularity or predictability.

Inconsistent Person

An individual whose actions, beliefs, or responses vary widely in different situations, leading to unpredictability or perceived unreliability.

Inconsistent Person

Refers to an individual whose actions, opinions, or behaviors vary widely over time, showing a lack of predictability or stability.

Faulty Parallelism

A grammatical inconsistency where elements of similar importance in a sentence are not presented in a consistent linguistic form.