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Home Q & A Board Other Fields Homework Help Business Economics
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annyan annyan
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11 months ago

If, for a perfectly competitive firm, marginal cost is greater than marginal revenue for the 100th unit, then it follows that



▸

producing the 100th unit adds more to total revenue than it does to total cost.



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producing the 100th unit adds more to total cost than it does to total revenue.



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marginal cost equals marginal revenue for the 99th unit.



▸

the firm is not maximizing profit, or minimizing losses, if it produces the 100th unit.



▸

b and d

Textbook 
Economics

Economics


Edition: 12th
Author:
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IcerX2050IcerX2050
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11 months ago
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