Maximizing average profit is equivalent to maximizing total profit

Indicate whether the statement is true or false

FALSE

Economics

You might also like to view...

What would be a way for the Federal Reserve to stimulate a sluggish economy?

A) buy government bonds on the open market B) encourage the stock market C) print more money D) sell more government bonds

Economics

A situation in which the price charged is greater than society's opportunity cost would lead to

A) too little being produced. B) too much being produced. C) an efficient amount being produced. D) marginal cost pricing.

Economics