When is production profitable? Describe three different scenarios where the following takes place: TR> TC TR=...

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When is production profitable? Describe three different scenarios where the following takes place: TR> TC TR=...

When is production profitable? Describe three different scenarios where the following takes place:

TR> TC

TR= TC

TR< TC

For each of this scenarios above, indicate whether or not the firm is profitable, incurring a loss, or breaking even.

business accounting

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Answer 1

Answer #1

Total Cost = variable Cast + fixed Cost. TR> TC it meant firm is able to Il cover it total cost Hence firm is profitable. TR=

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Answer 2

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mple, the total cost The intercept of the able cost per unit, V. where the TR...

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When is production profitable? Describe three different scenarios where the following takes place: TR> TC TR=...

Homework Answers

Add Answer to: When is production profitable? Describe three different scenarios where the following takes place: TR> TC TR=...

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When is production profitable? Describe three different scenarios where the following takes place: TR> TC TR=...