Solved

Which of the Following Statements About Marginal Analysis Is True

Question 29

Multiple Choice

Which of the following statements about marginal analysis is true?


A) Marginal analysis is typically a straightforward procedure to apply in real-life situations.
B) An important factor in marginal analysis is predicting demand,which is an exact science.
C) Marginal revenue is also the demand curve,so it represents the amount customers will buy at different prices.
D) Profit is maximized at the point at which marginal cost is exactly equal to marginal revenue.
E) The cost of producing a unit beyond the point when marginal cost equals marginal revenue is much less than the revenue from the sale of that unit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents