menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
  5. Question
    A Profit-Maximizing Firm Always
Solved

A Profit-Maximizing Firm Always

Question 39

Question 39

Multiple Choice

A profit-maximizing firm always


A) sells its output at P = MR.
B) produces at the output at which MR = 0.
C) hires labor until the MRP of labor = 0.
D) produces every unit of output for which MR > MC.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: Which of the following is true if

Q35: ​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="​ -An

Q36: Price and output decisions are two aspects

Q37: Michael Jordan averaged 35 points per game

Q38: Total profit is maximized if the slope

Q40: If a firm's fixed costs increase, then

Q41: If a firm's average cost is currently

Q42: Average cost equals<br>A)change in total cost/change in

Q43: Price and quantity decisions made by a

Q44: The phone network says it loses money

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines