Which of the Following Statements Are True Regarding Profit Maximizing

question 136

Multiple Choice

Which of the following statements are true regarding profit maximizing firms?

• A) They will attempt to maximize the difference between total revenues and total costs.
• B) They will use more of a resource as long as the MRC is greater than the MRP.
• C) They will only produce where MRP is positive and MRC is negative.
• D) none of the above.

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