assume your price is equal to marginal cost and marginal cost slopes upwards. in the short run, a firms profit max can only lie on the downward sloping part of its marginal cost curve. true or false
assume your price is equal to marginal cost and marginal cost slopes upwards. in the short run, a firms profit max can only lie on the downward sloping part of its marginal cost curve. true or false
Chapter22: Supply: The Costs Of Doing Business
Section: Chapter Questions
Problem 10E
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assume your price is equal to marginal cost and marginal cost slopes upwards. in the short run, a firms profit max can only lie on the downward sloping part of its marginal cost curve.
true or false
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