If marginal cost equals price,then _____ is at a maximum.
A) Total cost
B) Profit
C) Total revenue
D) Marginal cost
Correct Answer:
Verified
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
Q49: Marginal costs:
A) Are the additional costs incurred
Q50: The law of diminishing returns helps to
Q52: A profit-maximizing competitive firm wants to _
Q53: If the level of productivity increases,then:
A) The
Q54: The goal of most business firms is
Q55: A rightward shift in market supply curve
Q56: If price equals ATC and equals MC
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