A Producer Can Raise Profit by Expanding Output If

question 48

Multiple Choice

A producer can raise profit by expanding output if:

• A)marginal revenue is equal to marginal cost.
• B)marginal revenue is less than marginal cost.
• C)marginal revenue is negative.
• D)marginal cost is negative.
• E)marginal revenue is greater than marginal cost.

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Definitions:

Ayrton

Refers to Hertha Ayrton, a British engineer, mathematician, physicist, and inventor, known for her work on electric arcs and ripples in sand and water.

D'Arsonval

Refers to a type of galvanometer used for detecting and measuring small electric currents by the mechanical movement it produces through a magnetic field.

D'Arsonval Meter

A type of ammeter, based on the D'Arsonval galvanometer, used to measure electric current with a moving coil in a magnetic field.

Moving Coil

A type of electromagnetic actuator where a coil within a magnetic field moves when current flows through it, commonly found in loudspeakers and galvanometers.