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Author Question: If raw material costs rise the average revenue curve will (Read 29 times)

asmith134

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on: May 25, 2020

Question 1

Profit-maximising firms want to maximise the difference between
◦ marginal revenue and marginal cost.
◦ total revenue and marginal cost.
◦ total revenue and total cost.
◦ marginal revenue and average cost.

Question 2

If raw material costs rise the average revenue curve will
◦ remain in the same place.
◦ shift to the left.
◦ shift to the right.
◦ none of the above.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by asmith134 on May 25, 2020

onowka

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asmith134

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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