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Other Fields Homework Help Economics Topic started by: nguyenduong67 on Aug 29, 2017



Title: If your firm is producing a good at a level where marginal revenue equals marginal cost, and price ...
Post by: nguyenduong67 on Aug 29, 2017
If your firm is producing a good at a level where marginal revenue equals marginal cost, and price is greater than average total cost, your firm
A) should decrease output.
B) should increase output
C) is earning an economic profit greater than zero.
D) should shut down and suffer a loss equal to your fixed costs.


Title: Re: If your firm is producing a good at a level where marginal revenue equals marginal cost, and ...
Post by: Lightman030 on Aug 29, 2017
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