If, for the Last Bushel of Apples Produced and Sold

question 48

Multiple Choice

If, for the last bushel of apples produced and sold by an apple farm, marginal revenue exceeds marginal cost, then in producing that bushel, the farm

• A)added more to total cost than it added to total revenue.
• B)added an equal amount to both total revenue and total cost.
• C)added more to total revenue than it added to total cost.
• D)maximized its profits or minimized its losses.

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Definitions:

Smooth Muscle

A type of involuntary, non-striated muscle found within the walls of organs and structures such as blood vessels, the digestive tract, and the uterus.

Respiratory Airways

The parts of the respiratory system through which air flows, starting from the nose and mouth down to the lungs.

Intestine

A part of the gastrointestinal tract that digests food and absorbs nutrients into the body.

Muscle Fitness

Refers to the general health and functionality of the body's muscles, including their strength, endurance, and flexibility.