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    Principles of Microeconomics
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    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    If Revenue Is Less Than ________, Profit Is ________
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If Revenue Is Less Than ________, Profit Is ________

Question 308

Question 308

Multiple Choice

If revenue is less than ________, profit is ________.


A) total cost; negative
B) total fixed cost; positive
C) total variable cost; zero
D) total cost; positive

Correct Answer:

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