If a Firm Is Earning a Profit,then

question 129

Multiple Choice

If a firm is earning a profit,then:

• A) the ATC must be higher than the market price.
• B) total revenue must be higher than total cost.
• C) the ATC must be higher than AR.
• D) MR is equal to MC.

---

Definitions:

Prosocial Development

Prosocial development refers to the process of becoming more inclined to behave in a way that benefits others, including behaviors like helping, sharing, and showing compassion.

Teaching Morals

The process of educating individuals, especially children, about values, ethical conduct, and the difference between right and wrong.

Ballot-Access Laws

Regulations that determine the criteria by which a candidate or political party can appear on voters' ballots, varying significantly by jurisdiction and often including requirements for petitions or fees.

Registration Fees

Charges levied for the process of officially recording or enrolling a person, vehicle, or entity within a system or for a service.