The figure above shows the marginal revenue and costs of a perfectly competitive firm. When the firm produces 170 units. اختر أحد الخيارات .a. total revenue is less than total cost O .b. total revenue equals total cost O C. marginal revenue equals marginal cost O .d. marginal cost is less than marginal revenue O
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When the firm produces 170 units. اختر أحد الخيارات .a. total revenue is less than total cost O .b. total revenue equals total cost O C. marginal revenue equals marginal cost O .d. marginal cost is less than marginal revenue O
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: Firms In Competitive Markets
Section: Chapter Questions
Problem 4PA
Related questions
Question
![MC
ATC
16
MR
90
130
170
210
Quantity (units per day)
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When the firm
produces 170 units
اختر أحد الخيارات
.a. total revenue is less than total cost
.b. total revenue equals total cost
.c. marginal revenue equals marginal cost
.d. marginal cost is less than marginal revenue
Price and costs (dollars)
12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb3e07b1c-d4a0-4d82-92f8-ddaf2eb81c65%2Fe7732787-9db2-4e23-87ee-564b99b59b16%2F9g6e9v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:MC
ATC
16
MR
90
130
170
210
Quantity (units per day)
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When the firm
produces 170 units
اختر أحد الخيارات
.a. total revenue is less than total cost
.b. total revenue equals total cost
.c. marginal revenue equals marginal cost
.d. marginal cost is less than marginal revenue
Price and costs (dollars)
12
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