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Author Question: If a perfectly competitive firm produces at an output level where marginal cost equals marginal revenue, then (Read 106 times)

jacob816

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on: Oct 12, 2022
If a perfectly competitive firm produces at an output level where marginal cost equals marginal revenue, then
◦ the firm is maximizing its revenue.
◦ the last unit produced adds the same amount to costs as it does to revenue.
◦ the difference between TR and TC is zero.
◦ there is no reason to reduce or expand output, as long as AVC is greater than or equal to price.
◦ the firm should shut down.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jacob816 on Oct 12, 2022

jbsuccess1

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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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jacob816

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

tkempin

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Reply 3 on: Yesterday
Excellent

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