The Table Given Below Reports the Marginal Revenue and Marginal

question 98

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2

-The profit of a firm is maximized when:

• A)marginal revenue is maximum.
• B)marginal revenue is greater than marginal cost.
• C)marginal revenue is equal to marginal cost.
• D)marginal cost is minimum.
• E)marginal revenue is less than marginal cost.

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Definitions:

Temperate Regions

Areas of the Earth characterized by moderate weather conditions, experiencing distinct seasonal changes.

Xylem Vessels

Tubular structures found in plants, responsible for transporting water and minerals from the roots to various parts of the plant.

Heartwood

The dense inner part of a tree trunk, yielding the hardest timber, providing strength, and often darker than the surrounding sapwood.

Vessels

Hollow tubes that carry fluids such as blood, lymph, or sap within an organism, including arteries, veins, and capillaries.