Which of the Following Is True

question 93

Multiple Choice

Which of the following is true?

• A)The objective of the firm is to maximize profits, by producing the amount that equates total revenue and total cost.
• B)The objective of the firm is to maximize profits, by producing the amount that equates average revenue and average total cost.
• C)The objective of the firm is to maximize profits, by producing the amount that equates average revenue and average variable cost.
• D)The objective of the firm is to maximize profits, by producing the amount that equates marginal revenue and marginal cost.
• E)None of the above is true.