10
answers
0
watching
112
views
19 Feb 2018
16. If a profit-maximizing firm in perfect competition is earning economic profit, it must be producing at a level of output where A) price is greater than marginal cost. B) price is greater than marginal revenue. C) marginal cost is greater than marginal revenue. marginal cost is greater than average total cost. E) average total cost is greater than marginal cost.
16. If a profit-maximizing firm in perfect competition is earning economic profit, it must be producing at a level of output where A) price is greater than marginal cost. B) price is greater than marginal revenue. C) marginal cost is greater than marginal revenue. marginal cost is greater than average total cost. E) average total cost is greater than marginal cost.
yournotesbuddyLv10
24 Mar 2023
Already have an account? Log in
larryrambo777Lv10
12 Mar 2023
Already have an account? Log in
5 Mar 2023
Already have an account? Log in
christopherc63Lv10
13 Dec 2022
Already have an account? Log in
experttutorLv10
11 Dec 2022
Already have an account? Log in
Sixta KovacekLv2
22 Feb 2018
Already have an account? Log in
