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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #726383
Introduction to Economics 1 Deneme Sınavı Sorusu #726383
On what condition is the difference between total revenues minus total costs maximized?
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When the marginal revenue of the last unit produced is close to its marginal cost |
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When the marginal revenue of the last unit produced is more than its marginal cost |
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When the marginal revenue of the last unit produced is lower than its marginal cost |
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When the marginal revenue of the last unit produced is equal to its marginal cost |
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When the marginal revenue of the last unit produced is half its marginal cost |
Yanıt Açıklaması:
The difference between total revenues minus total costs is maximized when for the last unit produced, the marginal revenue of this last unit is exactly equal to its marginal cost. The Correct Answer is D.
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