Which of the following must be true if a price-searcher firm is operating at the profit-maximizing output rate?
A) The marginal cost of producing the last unit is greater than the marginal revenue derived from its sale.
B) The marginal cost of producing the last unit is no greater than the marginal revenue derived from its sale.
C) The total cost of producing all units is no greater than the total revenue derived from the sale of the units.
D) The total cost of producing all units is less than the total revenue derived from the sale of the units.
Correct Answer:
Verified
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