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.

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Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its diverse culture and significant global influence.

Sierra Club

An environmental organization in the United States committed to protecting the natural world and addressing climate change.

Clifford Sifton

A Canadian politician known for his role in promoting immigration to settle the western provinces of Canada, significantly shaping the nation's demographic and agricultural expansion.

National Park

Protected areas established by a government to conserve the natural environment and wildlife, accessible for public enjoyment and education.