A Price-Taking Firm in the Short Run Should Not Produce

question 43

Multiple Choice

A price-taking firm in the short run should not produce any level of output unless

• A)marginal revenue exceeds marginal cost.
• B)marginal revenue equals average total cost.
• C)average revenue equals or exceeds average variable cost.
• D)average revenue equals or exceeds average total cost.
• E)it is earning positive profits.

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Definitions:

AmazonSupply

An Amazon service aimed at providing businesses with a marketplace for industrial and scientific supplies. Note: As of my last update, AmazonSupply has been rebranded as Amazon Business.

Inventory

A complete list of items such as property, goods in stock, or the contents of a building.

Comet Bathroom Cleaner

A popular cleaning product designed for cleaning bathrooms and eliminating tough stains.

Replacement Ear Buds

are supplementary or spare earpieces for personal audio devices, provided to replace the original ones that are damaged or lost.