The basic logic behind the Rational Rule for Sellers is that a company owner should increase output as long as the extra output
A)moves the company toward maximum total revenue.
B)leads to a larger gap between price and average total costs.
C)leads the company toward minimum average total costs.
D)adds more to revenue than it adds to costs.

Question

Quizplus · Accepted Answer

The basic logic behind the Rational Rule for Sellers is to increase output as long as the extra output adds more to revenue than it adds to costs. This ensures that the company is maximizing its profits and operating efficiently.

The Basic Logic Behind the Rational Rule for Sellers Is