Which of the Following Is True for a Profit-Maximizing Firm

question 170

Multiple Choice

Which of the following is true for a profit-maximizing firm in a competitive market?

• A)Marginal cost is greater than marginal revenue and price.
• B)Marginal cost is greater than marginal revenue but less than price.
• C)Marginal cost is less than marginal revenue but higher than price.
• D)Marginal cost equals price but is less than marginal revenue.
• E)Marginal cost equals marginal revenue and price.

---

Definitions:

Self-Fulfilling Prophecy

It's a prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.

Aggressive Behaviors

Actions intended to cause harm or force dominance over another, often characterized by physical or verbal hostility.

Attribution

The process by which individuals explain the causes of behavior and events, often ascribing them to internal or external factors.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group which can hamper performance.