To an economist, quitting
A) Makes sense if at the quantity where MC=MR the price is less than ATC.
B) Makes sense if at the quantity where MC=MR the price is less than AVC.
C) Makes sense if at the quantity where MC=MR the firm loses money.
D) Never makes sense.
Correct Answer:
Verified
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Q125: If MR=MC and P>AVC the firm should
Q126: If MR<MC the firm should produce
A)At this
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