If a Producer Selects an Output Level and Price Where

question 144

Multiple Choice

If a producer selects an output level and price where marginal revenue is equal to marginal cost:

• A) marginal profit will be at its maximum.
• B) total revenue will be at a maximum.
• C) profits will continue to grow beyond this break-even point.
• D) profit will be maximized.
• E) any increase in price will cause marginal revenue to go negative.

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