Losses are always minimized when _________ equals _________.
Fill in the blank(s) with the appropriate word(s).
marginal cost; marginal revenue
Economics
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Define what a firm is and its role in the market
What will be an ideal response?
Economics
Potential GDP is defined as
A) the amount of GDP produced if there is no structural unemployment. B) the level of GDP attained when all firms are producing at capacity. C) the maximum of GDP that the economy can produce. D) the amount of GDP produced if there is no frictional unemployment.
Economics