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Author Question: Profit-maximizing firms want to ________ the difference between total revenue and total cost. (Read 63 times)

nummyann

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on: Apr 19, 2019

Question 1

Which of the following represents an accurate situation for a perfectly competitive firm?


◦ P = $12 and 
MR = $8
◦ P = $5 and 
MR = $7
◦ P = $9 and 
MR = $9
◦ P = $16 and 
MR = $0

Question 2

Profit-maximizing firms want to ________ the difference between total revenue and total cost.


◦ minimize
◦ maximize
◦ equalize
◦ eliminate
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nummyann on Apr 19, 2019

dyrone

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Reply #1 on: Apr 19, 2019
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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nummyann

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Reply #2 on: Apr 19, 2019
Thanks


dyrone

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Reply #3 on: Apr 19, 2019
Welcome :)


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