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J J Joubert, of the Joubert Dairy, Tells His Friend Jacques

Question 110

Multiple Choice

J. J. Joubert, of the Joubert Dairy, tells his friend Jacques that the average revenue he gets for a liter of milk is $1. We know then that $1 is the dairy's


A) marginal profit
B) marginal cost
C) price
D) total revenue
E) total profit

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