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    Principles of Microeconomics Study Set 5
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    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    If Revenues Exceed ________, Economic Profit Is ________
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If Revenues Exceed ________, Economic Profit Is ________

Question 134

Question 134

Multiple Choice

If revenues exceed ________, economic profit is ________.


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

Correct Answer:

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