Answer multiple choice The principle that a firm should produce up to the point where marginal revenuefrom the sale of an additional unit of output is equal to the marginal cost ofproducing an additional unit is known as thea) output-maximizing ruleb) profit-maximizing ruleO c) shutdown ruled) break even rule

Profit maximisation is the process by which a company determines the pricing, input, and output…

Answered: sale of an ádditióñál g an additional…

sale of an ádditióñál g an additional unit is known as the tput-maximizing rule ofit-maximizing rule utdown rule reak even rule

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Perefect Competition

Section: Chapter Questions

Problem 13SQ

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Question

Answer multiple choice

The principle that a firm should produce up to the point where marginal revenue
from the sale of an additional unit of output is equal to the marginal cost of
producing an additional unit is known as the
a) output-maximizing rule
b) profit-maximizing rule
O c) shutdown rule
d) break even rule

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