menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Theory with Applications
  4. Exam
    Exam 8: The Theory of Perfect Competition
  5. Question
    At the Point Where Profit Is Maximized
Solved

At the Point Where Profit Is Maximized

Question 21

Question 21

Multiple Choice

At the point where profit is maximized


A) marginal product is zero
B) marginal profit is zero
C) marginal cost is zero
D) marginal revenue is zero

Correct Answer:

verifed

Verified

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

Related Questions

Q16: The long- run supply curve for a

Q17: Suppose the total cost to produce quantity

Q18: . Suppose the market demand for fish

Q19: A competitive firm:<br>A)does not have a supply

Q20: In long run equilibrium:<br>A)no firms enter or

Q22: Producer's surplus:<br>A)is zero when firms earn zero

Q23: In an increasing cost industry, the long

Q24: Since long- run economic profits for

Q25: Producer Surplus is:<br>A)the difference between value and

Q26: Which of the following constitutes a necessary

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