Economic profits are maximized at the point at which A. accounting profits are equal to zero....
Economic profits are maximized at the point at which
A.
accounting profits are equal to zero.
B.
total revenues are greater than total costs.
C.
marginal revenues equal marginal costs.
D.
accounting profit exceeds economic profit.
Homework Answers
Answer:- Option (C) " marginal revenues equal marginal costs " is the correct answer.
Economic profit are maximized at the point, at the rate of output where marginal revenues equal marginal costs.
Add Answer to:
Economic profits are maximized at the point at which
A.
accounting profits are equal to zero....
Question 1 Accounting profits are typically: equal to economic profits because accounting costs include all opportunity...
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A monopolist's maximized rate of economic profits is $400 per week. Its weekly prioe at which it sells each unit is $34 per unit output is 200 units, and at this output rate, the firm's marginal cost is $19 per unit. The A these proft and output rates, the firm's average total cost is sl (Enter your response as a whole number) At these p At these profit and output rates, th frm's marginal revenue is I-(Enter your response as...
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