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Author Question: Consider the total cost and revenue curves shown below, for two perfectly competitive firms, Firm A ... (Read 18 times)

mimie

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on: Oct 12, 2022

Consider the total cost and revenue curves shown below, for two perfectly competitive firms, Firm A and Firm B.



FIGURE 9-5

Refer to Figure 9-5. If both Firms A and B are producing a level of output such that the slope of the TC curve is equal to the slope of the TR curve,


◦ then the ATC is at a minimum and both firms are maximizing profits.
◦ then both firms are earning positive economic profits because the distance between TR and TC is the greatest.
◦ then both firms are suffering losses because the distance between TR and TC is the smallest.
◦ then MC = MR, but both firms may not be maximizing their profits.
◦ then MC = MR and both firms are maximizing profit (or minimizing losses).
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mimie on Oct 12, 2022

jacquelyngibson

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Reply #1 on: Oct 12, 2022
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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mimie

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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