• 2022-06-04
    When marginal cost is less than average cost,
  • average total cost is falling.

    内容

    • 0

      As long as marginal cost is below average cost, average cost will be A: falling. B: rising. C: constant. D: changing in a direction that cannot be determined without more information.

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      A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue A: 正确 B: 错误

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      中国大学MOOC: A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue

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      A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.

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      For any given price, a firm in a competitive market will maximize<br/>profit by selecting the level of output at which price intersects the<br/>( ) A: average total cost curve. B: average variable cost curve. C: marginal cost curve. D: marginal revenue curve.