Solved

If Average Revenue Equals Average Total Cost

Question 106

Multiple Choice

If average revenue equals average total cost,


A) total revenue is maximized
B) average revenue is maximized
C) average total cost is minimized
D) economic profit is maximized
E) economic profit is zero

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q101: In perfect competition, if one firm raises

Q102: At its present rate of output, 200

Q103: Claude's Copper Clappers sells clappers for $40

Q104: Which of the following is not characteristic

Q105: The short-run industry supply curve in a

Q107: Exhibit 8-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 8-5

Q108: Exhibit 8-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 8-9

Q109: Which of the following is not a

Q110: Suppose a price-taking firm produces 400 units

Q111: A constant-cost industry is distinguished by the