In Order to Maximize Profit,a Firm That Sells Its Output

question 50

Multiple Choice

In order to maximize profit,a firm that sells its output in two markets will allocate total output between the two markets so that:

• A)marginal revenue is equal in the two markets
• B)marginal revenue for the firm is equal to the sum of the marginal revenues
• C)marginal revenue for the firm is equal to the sum of the marginal costs
• D)both a and b
• E)none of the above

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Definitions:

Inside Address

The name and address of the person to whom the letter is being sent. It appears on a business letter two to four spaces down from the date. It should be two, three, or four lines in length.

Business Letter

A formal document used for communication between companies, or between a company and an individual, characterized by a structured layout and professional tone.

Transparent Window

A clear section of material that allows light to pass through, making objects or environments on the opposite side visible.

Envelopes

Paper or plastic enclosures used for sending letters, documents, or other items, sealed at one end with an opening at the other.