The "Rule for Maximizing Profit" Is That a Producer Should

Multiple Choice

The "rule for maximizing profit" is that a producer should set a price such that:

A) the difference between marginal revenue and marginal cost is the greatest.
B) marginal revenue is at a maximum.
C) average cost is at a minimum.
D) marginal profit is maximized.
E) marginal cost is just less than or equal to marginal revenue.