The Marginal Approach to Profit

question 9

Multiple Choice

The marginal approach to profit

• A)says that a firm should take any action that adds more to cost than it adds to revenue
• B)says that a firm should take any action that adds more to revenue than it adds to cost
• C)says that a firm should strive to set profit equal to zero.
• D)says that a firms profit is maximized when average revenue equals average cost
• E)says that profit should be marginalized

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