Which of the following is likely to occur in the future? new ethnicities will be formed. some ethnicities will be reclassified as races. old ethnicities will merge into one. all americans will claim one ethnicity.

How can firms use marginal analysis to determine the price of a product? a) profit maximization can occur when the marginal cost exceeds the marginal revenue. b) the total cost of production can determine the individual unit price of a product. c) marginal analysis can be used to determine at what price profit maximization occurs. d) firms can calculate the marginal cost of a product and set the price lower than the cost.