Exhibit 6-5 
-Refer to Exhibit 6-5. At Q4,
A) total revenue is equal to zero.
B) marginal revenue is negative.
C) total profit is equal to zero.
D) total profit is negative.
E) both marginal profit and marginal cost are negative.
Correct Answer:
Verified
Q108: To maximize profits, a competitive firm increases
Q109: Exhibit 6-5 Q110: When output changes, the profit-maximizing firm must Q111: Exhibit 6-5 Q112: When marginal cost is greater than marginal Q114: For a competitive firm, profit maximization occurs Q115: Profit maximization in a competitive market implies Q116: The competitive firm sets output to equal Q117: For a competitive firm, which of the Q118: The firm's supply curve is its marginal![]()
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