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Author Question: If, at the output where marginal revenue equals marginal cost, price is between average total cost ... (Read 340 times)

corkyiscool3328

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on: Apr 19, 2019

Question 1

If price is above average total cost at the output where marginal revenue equals marginal cost, a firm will earn positive economic profits.


◦ true
◦ false

Question 2

If, at the output where marginal revenue equals marginal cost, price is between average total cost and average variable cost, a firm will continue to produce in the short run.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by corkyiscool3328 on Apr 19, 2019

tandmlomax84

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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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corkyiscool3328

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Reply #2 on: Apr 19, 2019
Thanks


tandmlomax84

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Reply #3 on: Apr 19, 2019
Welcome :)


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