As long as average revenue remains above average total cost:
A) total revenue will be higher than total cost.
B) the firm will be making profits.
C) price will be greater than average total cost.
D) All are correct.
Correct Answer:
Verified
Q63: The table shown displays the total costs
Q64: The table shown displays the total costs
Q65: The table shown displays the total costs
Q66: <p><b><b><span style="font-size:20pt;"><span style="color:#FF0000;"> Q67: The graph shown displays the marginal cost Q69: The marginal cost of a firm: Q70: As long as the market price remains Q71: For a firm in a perfectly competitive Q72: The table shown displays the total costs Q73: The table shown displays the total costs
A)crosses total
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