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Author Question: A firm suffers losses if (Read 69 times)

kellyjaisingh

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on: Apr 19, 2019

Question 1

A firm earns a profit if


◦ total revenue exceeds the total cost of production.
◦ total revenue equals total fixed costs.
◦ price is less than the total cost of production.
◦ price equals marginal cost.

Question 2

A firm suffers losses if


◦ price exceeds average variable cost but is less than average total cost.
◦ price exceeds marginal cost.
◦ total revenue is greater than the total fixed cost of production.
◦ total revenue is greater than the total variable cost of production but less than total costs.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by kellyjaisingh on Apr 19, 2019

onowka

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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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kellyjaisingh

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Reply 2 on: Apr 19, 2019
Excellent

Jossy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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