Maximising Average Profit Is Equivalent to Maximising Total Profit

question 179

True/False

Maximising average profit is equivalent to maximising total profit.

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Definitions:

Lithosphere

The rigid outer layer of the Earth, composed of the crust and the upper part of the mantle, which is divided into tectonic plates.

Continental Crust

The substantial section of the Earth's crust that creates the major continental areas, typically older and more intricate than the crust found beneath oceans.

Oceanic Crust

The thin layer of crust that forms the ocean floors, primarily composed of basalt and gabbro, and denser than continental crust.

Uppermost Mantle

The top layer of the Earth's mantle, directly beneath the Earth's crust, involved in tectonic plate movements and magma generation.