If price is greater than average variable cost, a profit maximizing firm will always
A. where Total Revenue is maximized.
B. produce where Average Total Cost is minimized.
C. produce where Marginal Cost equals Marginal Revenue.
D. produce where Marginal Cost is minimized.
Answer: C
Economics
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A) the excess of total expenditures over total revenues. B) government spending plus transfer payments. C) the sum of all past borrowing by the government. D) the excess of total revenues over total expenditures.
Economics
Credit cards, debit cards, and e-checks are
A) always counted as money. B) not money. C) sometimes counted as money, depending on how they are used. D) sometimes counted as money, depending on what is purchased. E) sometimes counted as money, depending on what measure of money is being used.
Economics