If, for the Last Unit of a Good Produced by a Perfectly

question 112

Multiple Choice

If, for the last unit of a good produced by a perfectly competitive firm, MR > MC, then in producing it, the firm

• A)added more to total costs than it added to total revenue.
• B)added more to total revenue than it added to total cost.
• C)is maximising marginal profit.
• D)has minimised its losses.

---

Definitions:

Latent Content

In psychoanalytic theory, the underlying meaning or significance hidden in dreams, distinct from the dreams' manifest content.

REM Sleep

A stage of sleep characterized by rapid eye movements, vivid dreams, and increased brain activity.

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep, often reflecting subconscious content or processing of daily experiences.

Information Processing

The series of actions or steps taken to acquire, modify, store, and use data or information.