A Good Marketing Manager for a Producer Knows That the Most

question 105

Multiple Choice

A good marketing manager for a producer knows that the most profitable price and level of output:

• A) is where the positive difference between the total revenue and total cost curves is the greatest.
• B) is where the difference between marginal revenue and marginal cost is the greatest.
• C) is where total revenue equals total cost.
• D) is where marginal revenue is maximized.
• E) Both A and C are true.

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