Marginal costs:
A) Are the additional costs incurred in producing one more unit of output.
B) Fall as the rate of output increases.
C) Are constant for a perfectly competitive firm.
D) Are equal to total costs divided by total output.
Correct Answer:
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Q44: If the market price was below the
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Q46: A profit-maximizing producer wants to produce where:
A)
Q47: For a competitive firm,the marginal cost curve:
A)
Q48: Profit per unit equals:
A) Price minus average
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Q51: If marginal cost equals price,then _ is
Q52: A profit-maximizing competitive firm wants to _
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A) The
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