Multiple Choice
Use the following to answer question(s) :
Exhibit: Total Revenue, Total Cost, and Economic Profit
-(Exhibit: Total Revenue, Total Costs, and Economic Profit) As long as the total revenue curve is ________ than the total cost curve, economic profit _______ as output _______.
A) steeper; increases; decreases
B) less steep; increases; decreases
C) steeper; increases; increases
D) less steep; increases; increases
Correct Answer:

Verified
Correct Answer:
Verified
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