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Author Question: If average revenue equals average total cost, a. total revenue is maximized b. average revenue is ... (Read 59 times)

Frost2351

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on: Jun 30, 2018
If average revenue equals average total cost,
 a. total revenue is maximized
  b. average revenue is maximized
  c. average total cost is minimized
  d. economic profit is maximized
  e. economic profit is zero

Question 2

A monopolist maximizes profit at the quantity where its total revenue curve equals total cost.
 a. True
  b. False


jonathanballen97

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


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