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Author Question: A profit-maximizing strategy becomes a loss minimization strategy when a firm in a perfectly ... (Read 81 times)

jerry coleman

  • Hero Member
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  • Posts: 570
on: Apr 19, 2019

Question 1

If a firm's economic profit is $0, then it must be 
true that


◦ TR equals 
TC.
◦ TR equals 
TVC.
◦ TR equals 
TFC.
◦ TFC is zero.

Question 2

A profit-maximizing strategy becomes a loss minimization strategy when a firm in a perfectly competitive industry is producing where


◦ AVC < P < 
ATC.
◦ P > 
ATC.
◦ P = 
ATC.
◦ MR = 
MC < 
P.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jerry coleman on Apr 19, 2019

catron30

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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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jerry coleman

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  • Posts: 570
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

atrochim

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Reply 3 on: Yesterday
:D TYSM

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