In General, Firms Will Produce at a Rate of Output

Multiple Choice

In general, firms will produce at a rate of output such that marginal revenue equals marginal cost because this output rate will

A) bring total revenue into equality with total cost.
B) maximize the difference between the revenue received from the last unit and the cost incurred in producing the last unit.
C) result in the lowest possible average total costs of production.
D) maximize the firm's profit.