Total Profit Is Maximized Where

question 98

Multiple Choice

Total profit is maximized where

• A)MR = MC.
• B)marginal profit is zero.
• C)the slope of the marginal profit curve is zero.
• D)All of the above are correct.

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Definitions:

Divergent Thinking

The ability to produce multiple ideas, answers, or solutions to a problem for which there is no agreed-on solution.

Creative Thinkers

Individuals who possess the ability to think outside of traditional frameworks, generating original and innovative ideas or solutions.

Guilford

An American psychologist known for his pioneering work in the study of human intelligence and creativity.

Creative Thinking

The ability to think about a task or problem in a new or different way, or to use imagination to generate new ideas.