If a Firm That Uses a Production Process That Yields

question 32

Multiple Choice

If a firm that uses a production process that yields economies of scale charges a price equal to ________,then profit will be ________.

• A) marginal cost; negative
• B) marginal revenue; maximized
• C) marginal cost; maximized
• D) marginal revenue; positive
• E) marginal cost; positive

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Definitions:

Resources

Assets that can be used to support or achieve something, such as finances, materials, or personnel.

Population-based Intervention

Population-based Intervention involves strategies or programs aimed at improving health outcomes on a large scale, targeting entire populations rather than individuals.

Contemplation Stage

A phase in the transtheoretical model of change where an individual is aware a problem exists and is seriously thinking about overcoming it but has not yet made a commitment to take action.

Action Stage

A phase in the transtheoretical model of behavior change where individuals actively implement strategies to change problematic behavior.