Which of the following statements is correct?
A)If the profit-maximizing rule is fulfilled, it necessarily follows that the cost-minimization rule is being fulfilled.
B)The profit-maximizing and the cost-minimizing rules are such that fulfilling one has no bearing on fulfilling the other.
C)If the profit-maximizing rule is fulfilled, the cost-minimization rule may or may not be fulfilled.
D)If the cost-minimization rule is fulfilled, it necessarily follows that the profit-maximizing rule is being fulfilled.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A)If the profit-maximizing rule is fulfilled, it necessarily follows that the cost-minimization rule is being fulfilled.
B)The profit-maximizing and the cost-minimizing rules are such that fulfilling one has no bearing on fulfilling the other.
C)If the profit-maximizing rule is fulfilled, the cost-minimization rule may or may not be fulfilled.
D)If the cost-minimization rule is fulfilled, it necessarily follows that the profit-maximizing rule is being fulfilled.

Which of the Following Statements Is Correct