Which of the Following Statements Are True Regarding Profit Maximizing

question 136

Multiple Choice

Which of the following statements are true regarding profit maximizing firms?

• A) They will attempt to maximize the difference between total revenues and total costs.
• B) They will use more of a resource as long as the MRC is greater than the MRP.
• C) They will only produce where MRP is positive and MRC is negative.
• D) none of the above.

---

Definitions:

Single X

Single X refers to the presence of a single X chromosome in humans, typically denoting Turner syndrome in females, where there is a missing or partially missing X chromosome.

Turner Syndrome

A genetic disorder in females characterized by the partial or complete absence of one X chromosome, leading to various developmental and physical abnormalities.

Menstruate

Refers to the regular, cyclic discharge of blood and mucosal tissue from the inner lining of the uterus through the vagina, part of the female reproductive cycle.

PKU

A genetic disorder known as phenylketonuria, characterized by a deficiency in the enzyme required to metabolize the amino acid phenylalanine, leading to intellectual disability if untreated.