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Author Question: A perfectly competitive firm will maximize its profit at the rate of output where the vertical ... (Read 36 times)

809779

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on: Jun 29, 2018
A perfectly competitive firm will maximize its profit at the rate of output where the vertical distance between its total revenue curve and total cost curve is the largest. This is the same rate of output where
 
  A) marginal revenue equals marginal cost. B) marginal revenue equals marginal profit.
  C) marginal revenue equals average revenue. D) average total cost equals marginal revenue.

Question 2

The expenses you encounter when you buy in one market and sell in a distant market are known as
 
  A) transactions costs. B) sunk costs. C) fixed costs. D) production costs.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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IAPPLET

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Reply #1 on: Jun 29, 2018
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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809779

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ryansturges

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Reply 3 on: Yesterday
Excellent

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