Assuming Price Is Greater Than Average Variable Cost in the Short-Run

Multiple Choice

Assuming price is greater than average variable cost in the short-run and that at higher output levels marginal revenue is less that marginal cost, the firm will maximize profit if:

A) marginal revenue is maximized.
B) marginal cost is minimized.
C) marginal profit is maximized.
D) marginal revenue is equal to marginal cost.
E) total revenue is equal to total cost.