A Firm Will Maximize Profit by Producing That Level of Output

Multiple Choice

A firm will maximize profit by producing that level of output at which

A) the additional revenue from the last unit sold is equal to the additional cost of the last unit by the largest amount.
B) the average or unit cost of production is minimized.
C) the fixed costs of production are minimized.
D) total revenue equals total cost.
E) all of the above