What Is Always True at the Quantity at Which Average

question 91

Multiple Choice

What is always true at the quantity at which average total cost equals average revenue?

• A)economic profit is zero
• B)marginal cost equals marginal revenue
• C)economic profit is maximized
• D)revenue is maximized
• E)cost is minimized

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Definitions:

Computer Software

Programs and other operating information used by a computer to perform specific tasks.

Variable Cost

Costs that vary directly with the level of production or output in a company, such as raw materials and labor expenses.

Total Cost

refers to the sum of all expenses incurred in the production of goods or services, including fixed and variable costs.

Computer Software

Programs and operating information used by a computer to perform specific tasks.