QUESTION 10 For a perfectly competitive firm, if the MR curve is above the ATC at the optimal quantity the firm will experience a v and if the MR curve is below the ATC at the optimal quantity the firm will experience a v. If the MR curve is equal to the ATC, at the optimal quantity, the firm will experience break-even profit hut-down price on the graph below. loss profit or loss

QUESTION 10 For a perfectly competitive firm, if the MR curve is above the ATC at the optimal quantity the firm will experience a v and if the MR curve is below the ATC at the optimal quantity the firm will experience a v. If the MR curve is equal to the ATC, at the optimal quantity, the firm will experience break-even profit hut-down price on the graph below. loss profit or loss

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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