Under What Condition Are Profits Maximized

question 141

Multiple Choice

Under what condition are profits maximized?

• A) at the rate of output at which marginal revenue equals marginal cost
• B) at the output rate where marginal cost is greater than marginal revenue
• C) at the point at which the difference between total revenues and total costs is negative
• D) at the point at which the difference between price and quantity demanded is greatest

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Definitions:

Official Deviants

Individuals who have been formally labeled or recognized by societal or legal authorities as deviating from social norms or expectations.

Avoid Responsibility

The act of evading duties or obligations one is expected to fulfill.

Occupational Deviance

Behaviors by employees that violate workplace norms and policies, potentially harming the organization or coworkers.

Causes

Factors or events that contribute to the occurrence of an effect or condition.