The Table Given Below Reports the Marginal Revenue and Marginal

question 15

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client. Table 22.2
Refer to Table 22.1.If we assume that Holmes is currently serving 8 clients, then Holmes Agency:

• A)is maximizing profit.
• B)should find more clients to increase profits.
• C)is maximizing total revenue.
• D)could increase profits by serving less clients.
• E)is minimizing cost.

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Definitions:

Instinct

A complex behavior that is rigidly patterned throughout a species and is unlearned.

Cultural Variations

Differences in beliefs, behaviors, and practices among various cultures that arise from geographical, historical, socio-economic, and political factors.

Aggressiveness

A behavior characterized by being bold or assertive, often in a forceful or hostile manner that intends to dominate or intimidate.

Nuclear Weapons

Explosive devices that derive their destructive force from nuclear reactions, either fission or a combination of fission and fusion, capable of causing massive destruction.