According to Economic Theory, Profits Are Maximized at the Rate

question 1

Multiple Choice

According to economic theory, profits are maximized at the rate of output where

• A)price equals total revenue.
• B)marginal revenue equals marginal cost.
• C)economic profits are zero.
• D)price and marginal revenue are equal.

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Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.