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jhaygood86 jhaygood86
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6 years ago
Four price-makers were overheard talking at an expensive restaurant. Which of their statements below is a correct recipe for maximum profits?
A) "In my company, we don't increase output unless we know that the larger output will raise total revenue."
B) "I think cost minimization is the key to maximum profits."
C) "We try to make the most of our equipment by producing at maximum capacity."
D) "I don't really keep close track of total profits, but I don't approve any business deal unless it increases my revenue more than it increases my costs."
E) None of the above.
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
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martrekmartrek
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6 years ago
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jhaygood86 Author
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6 years ago
Thanks
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Thank you, thank you, thank you!
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