As Long as the Revenue of the Last Unit Produced

question 149

Multiple Choice

As long as the revenue of the last unit produced and sold is greater than the cost of the last unit produced and sold,what should a firm do?

• A)continue manufacturing
• B)not use formula pricing
• C)continue using price equilibrium
• D)consider using sales maximization pricing

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Definitions:

Employment

The state of having paid work, or the relationship between an employer and an employee where work is performed for wages.

Wage Rates

The monetary compensation paid to workers per unit of time or output, often standardized by industry, skill level, or geographical location.

Work Stoppages

A situation where employees cease work, often due to disputes over wages or conditions, effectively halting production or services.

Work Time

The measurement of period an individual spends performing duties or tasks related to their job or occupation.