The Principle That a Firm Should Produce Up to the Point

question 159

Multiple Choice

The principle that a firm should produce up to the point where the marginal revenue from the sale of an extra unit of output is equal to the marginal cost of producing it is known as the

• A) output-maximizing rule.
• B) profit-maximizing rule.
• C) shut-down rule.
• D) break-even rule.

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Definitions:

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