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Author Question: A price-taking firm in the short run should not produce any level of output unless (Read 122 times)

shivanipalawai@gmail.com

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on: Oct 12, 2022

Question 1

On a graph showing a firm's TC and TR curves, the profit-maximizing level of output is found where
◦ TR and TC intersect.
◦ TR is at a maximum.
◦ TC intersects the vertical axis.
◦ TR lies above TC by the greatest amount.
◦ TR becomes vertical.

Question 2

A price-taking firm in the short run should not produce any level of output unless
◦ marginal revenue exceeds marginal cost.
◦ it is earning positive profits.
◦ marginal revenue equals average total cost.
◦ average revenue equals or exceeds average variable cost.
◦ average revenue equals or exceeds average total cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by shivanipalawai@gmail.com on Oct 12, 2022

gyvette

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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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shivanipalawai@gmail.com

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

bulacsom

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Reply 3 on: Yesterday
Excellent

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