Marginal Revenue Profit and Loss MCQs 846 to 850

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Marginal Revenue Profit and Loss MCQs

  1. In the short term, a firm will produce provided the revenue
  2. In the long term, a firm will produce provided the revenue covers
  3. If firms earn normal profits
  4. If the price is less than the average costs but higher than the average variable costs
  5. If the marginal revenue is less than the marginal costs then to profit maximize a firm should

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Economics 846-850

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In the short term, a firm will produce provided the revenue

In the long term, a firm will produce provided the revenue covers

If firms earn normal profits

If the price is less than the average costs but higher than the average variable costs

If the marginal revenue is less than the marginal costs then to profit maximize a firm should

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Marginal Revenue Profit and Loss MCQs
Marginal Revenue Profit and Loss MCQs

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