At an output of 22,ATC is $7 and price is $7.At an output of 23,ATC is $7 and price is $7.MC = MR at an output of 22.5.At that output the firm will
A) take a loss.
B) break-even.
C) make a profit.
Correct Answer:
Verified
Q196: Under perfect competition in the long run,average
Q197: Statement I: The Internet has moved entire
Q198: The profit-maximizing/loss-minimizing level of output
A)50.
B)80.
C)100.
D)120.
Q199: When operating at the profit-maximizing/loss-minimizing level of
Q200: The average total cost at the profit-maximizing/loss-minimizing
Q202: Under perfect competition
A)economic profits are greater than
Q203: Under perfect competition
A)no firm has any influence
Q204: At an output of 17,ATC is $20
Q205: When starting dot.com businesses,such as Amazon.com,many of
Q206: At an output of 156,MC = $17,ATC
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