Assume at the firm's profit-maximizing level of output P = AVC. In this case, the firm will be:
A) earning a positive economic profit.
B) earning economic profit = 0.
C) incurring an economic loss.
D) breaking even.
C
Economics
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In an economy open to international trade ________
A) saving equals investment in equilibrium B) saving is the difference between net exports and investment C) saving equals investment as long as the economy has no exports D) saving equals investment as long as NX=0 E) none of the above
Economics
Total utility
a. diminishes as the quantity consumed of a good increases. b. increases as long as more goods are acquired. c. increases as long as marginal utility increases. d. increases as long as marginal utility is positive. e. diminishes as consumption of some good rises.
Economics