A Rational Seller Will Sell Another Unit of Output

question 2

Multiple Choice

A rational seller will sell another unit of output:

• A)whenever the seller is earning a profit.
• B)if the cost of making another unit is less than the revenue gained from selling another unit.
• C)as long as the quantity demanded is greater than zero.
• D)if the seller can charge more than the equilibrium price.

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Definitions:

SAMPLE Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.

Groups

Collections or sets of subjects or items being studied in which characteristics or outcomes are observed and analyzed.

N or Participants

The total number of individuals or units involved in a study or experiment.

Groups

Collections or sets of individuals or items that are identified or classified together based on shared characteristics or purposes.