If a Perfectly Competitive Firm Wanted to Maximize Its Total

question 33

Multiple Choice

If a perfectly competitive firm wanted to maximize its total revenues,it would produce

• A)The output where MC equals price.
• B)As much as it is capable of producing.
• C)The output where the ATC curve is at a minimum.
• D)The output where the marginal cost curve is at a minimum.

---

Definitions:

Reptiles

A group of cold-blooded animals with scaly skin that typically lay eggs on land, such as snakes, lizards, crocodiles, and turtles.

Amphibians

A class of cold-blooded vertebrates that includes frogs, toads, salamanders, and newts, primarily living in moist environments.

Birds

Warm-blooded vertebrates characterized by feathers, beak with no teeth, laying hard-shelled eggs, and a high metabolic rate; members of the class Aves.

Interbreed

To mate or cross different breeds, varieties, or species of organisms, often resulting in hybrid offspring.