The Profit-Maximizing Rule Says That a Seller Will Expand Output

question 29

Multiple Choice

The profit-maximizing rule says that a seller will expand output up to the point

• A) Where marginal revenue equals price.
• B) Where marginal revenue equals marginal cost.
• C) Where marginal revenue is less than the price.
• D) Where marginal cost equals marginal revenue.

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Definitions:

Global Trade

The exchange of goods, services, and capital across international borders or territories.

Security

Involves measures and protocols put in place to protect assets, information, and operations from theft, damage, and interruptions.

Efficient Flow

The optimized movement of goods, information, and financial resources through a supply chain, aiming to reduce costs and improve speed without sacrificing quality.