The Firm Will Make the Most Profits If It Produces

question 158

Multiple Choice

The firm will make the most profits if it produces the quantity of output at which

• A)marginal cost equals average cost.
• B)profit per unit is greatest.
• C)marginal revenue equals total revenue.
• D)marginal revenue equals marginal cost.

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Definitions:

Suspension

As part of a progressive disciplinary program, a suspension is a temporary layoff, usually with pay, when there is an ongoing investigation.

Termination

As part of a progressive disciplinary program, termination is an act by the organization to end the employment relationship.

Rightsizing

Is the process of monitoring and adjusting the composition of the organization’s workforce to its optimal size.

Stable Employers

Organizations that provide consistent employment opportunities over time, known for their financial stability, low staff turnover, and predictable demand for their products or services.