Given total cost and the quantity of output, marginal cost and average cost can be determined.
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Q53: If marginal profit is negative when the
Q54: If the quantity output and average cost
Q55: Profits will be maximized when the slope
Q56: Marginal profit is the slope of the
Q57: A firm should keep producing output as
Q59: A graph of total profits is always
Q60: An optimal level of output is one
Q61: A firm is generally more interested in
Q62: The rule of equating marginal benefit with
Q63: When a firm's fixed costs increase it
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