Astudent argues: "to maximize profit, a firm should produce the quantity where the difference between marginal revenue and marginal cost is the greatest. if a firm produces more than this quantity, then the profit made on each additional unit will be falling."
is the above statement true or false?

a. true. as per-unit profit falls, total profit falls.
b. false. profit is maximized at the output level where marginal revenue equals marginal cost.
c. false. per-unit profit increases and is maximized where marginal revenue equals marginal cost.
d. true. this is where marginal profit equals marginal cost and profit is maximized.

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

From what part of income should someone take savings?