If a Firm Is Producing at an Output Level Where

question 164

Multiple Choice

If a firm is producing at an output level where the total revenue curve intersects the total cost curve,which of the following is true of the firm?

• A)Its revenue is maximized.
• B)Its cost is maximized.
• C)Its cost is minimized.
• D)Its profit is maximized.
• E)Its profit is zero.

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