A firm should continue producing until

A) the cost of producing the output equals the revenues obtainable from selling the output.
B) the cost of increasing output by one more unit equals the revenues obtainable from selling the extra unit.
C) average costs are at a minimum.
D) the average cost when another unit is produced equals the average revenue obtainable from selling the extra unit.

B

Economics

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Refer to Table 12-1. What is the fixed cost of production?

A) $0 B) $500 C) $1,000 D) It cannot be determined.

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"Price fixing" is always illegal

Indicate whether the statement is true or false

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