To maximize profits, a perfectly competitive firm should produce at an output up to the point where
A. the difference between price and marginal cost is at its maximum.
B. total cost equals total revenue.
C. price equals marginal cost.
D. total revenue equals variable cost.
C. price equals marginal cost.
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The demand for money is:
A. limited by the amount of currency printed by the government. B. unlimited, since people want to hold as much money as possible. C. the amount of income an individual chooses to hold in the form of money. D. the amount of wealth an individual chooses to hold in the form of money.
For all intents and purposes, the Great Depression ended in
A. 1933. B. 1937. C. 1941. D. 1945.
The U.S. Health Resources and Services Administration (HRSA) forecasts that in 2020
A) the number of doctors in the United States will decrease and the number of doctors needed will increase. B) there will be a surplus of doctors in the United States. C) there will be a shortage of doctors in the United States. D) the number of doctors in the United States will increase and the number of doctors needed will decrease.
An instrument developed to help investors and institutions hedge interest-rate risk is
A) a debit card. B) a credit card. C) a financial derivative. D) a junk bond.