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insherro insherro
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Posts: 671
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7 years ago
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should:
A) continue to produce the level of output at which marginal revenue equals marginal cost.
B) increase output to minimize its losses.
C) reduce output to the level at which price equals average variable cost to minimize its losses.
D) shutdown to minimize its losses.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 99 times
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University of Ottawa - Economics for Managers
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sofreshsofresh
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#1
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7 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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insherro Author
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7 years ago
You make an excellent tutor!
sudenzia
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
brina10
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2 hours ago
Smart ... Thanks!
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