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Title: Marginal revenue equals marginal cost at an output of 10 units. At this output, marginal revenue ... Post by: wrightjb on Apr 28, 2019 Question 1. If revenue is less than ________, profit is ________. ▸ total cost; negative ▸ total fixed cost; positive ▸ total variable cost; zero ▸ total cost; positive Question 2. Marginal revenue equals marginal cost at an output of 10 units. At this output, marginal revenue equals $25, average variable cost equals $30, and average total cost equals $40. In the short run, a profit-maximizing firm will earn a profit of ▸ -$150. ▸ -$100. ▸ $0. ▸ $150. Title: Marginal revenue equals marginal cost at an output of 10 units. At this output, marginal revenue ... Post by: abonaccorso1 on Apr 28, 2019 Content hidden
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