Exhibit 6-4 -For a Competitive Firm, If Any Level of Production Results

Multiple Choice

Exhibit 6-4
-For a competitive firm, if any level of production results in losses, the loss-minimizing output level is when

A) marginal product equals marginal cost.
B) marginal revenue equals marginal cost.
C) price equals marginal revenue.
D) total revenue equals total cost.
E) average revenue equals average cost.