The peak of the total revenue curve is achieved at the point where:

The costs affecting decisions to supply are always

A) accounting costs. B) marginal costs. C) past costs. D) per unit costs. E) non-taxable costs.

You are considering buying a store. The storeowner gives you an estimate of the net profits of the store on a typical day. The owner has most likely given you the figures for

a. The best case scenario b. The worst case scenario c. Any typical day d. Any typical year