Profit per unit equals:
A) Price minus average total cost.
B) Average revenue divided by average total cost.
C) Total revenue minus total cost.
D) Total revenue minus variable cost divided by quantity.
Correct Answer:
Verified
Q43: Marginal cost is:
A) The change in total
Q44: If the market price was below the
Q45: A producer tries to maximize profits by
Q46: A profit-maximizing producer wants to produce where:
A)
Q47: For a competitive firm,the marginal cost curve:
A)
Q49: Marginal costs:
A) Are the additional costs incurred
Q50: The law of diminishing returns helps to
Q51: If marginal cost equals price,then _ is
Q52: A profit-maximizing competitive firm wants to _
Q53: If the level of productivity increases,then:
A) The
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