When marginal revenue equals marginal cost, the firm _______
a. Should increase the level of production to maximize its profit.
b. Must be generating positive accounting profits.
c. Must be generating positive economic profits.
d. May be minimizing its losses rather than maximizing its profit.

Question

08-07-2024
Business

Answered

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When marginal revenue equals marginal cost, the firm _______
a. Should increase the level of production to maximize its profit.
b. Must be generating positive accounting profits.
c. Must be generating positive economic profits.
d. May be minimizing its losses rather than maximizing its profit.

Sagot :

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When marginal revenue equals marginal cost, the firm _______a. Should increase the level of production to maximize its profit. b. Must be generating positive accounting profits. c. Must be generating positive economic profits. d. May be minimizing its losses rather than maximizing its profit.

Sagot :

Other Questions

When marginal revenue equals marginal cost, the firm _______
a. Should increase the level of production to maximize its profit.
b. Must be generating positive accounting profits.
c. Must be generating positive economic profits.
d. May be minimizing its losses rather than maximizing its profit.