In Which of the Following Cases Will Profit Be Maximized

question 244

Multiple Choice

In which of the following cases will profit be maximized?

• A) When marginal revenue is equal to marginal cost
• B) When total cost is nearly equal to total fixed cost
• C) When total revenue is nearly equal to total cost
• D) When total variable cost is nearly equal to total fixed cost
• E) When the break-even point is nearly equal to the average cost

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Definitions:

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Authoritarian

Authoritarian describes a style of leadership or governance characterized by strong central power and limited political freedoms, or in the context of parenting, a style marked by strict rules and expectations with little room for dialogue.

Strict Guidelines

Strict guidelines refer to a set of precise and clear rules or principles designed to control or govern behavior or procedures.

Rejecting-neglectful

A parenting style characterized by a lack of responsiveness to a child's needs and a lack of demands, often resulting in negative outcomes for the child's development.