If average revenue equals average total cost, a. total revenue ...

[Frost2351]

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]

Answer to Question 1

E

Answer to Question 2

B