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28 Nov 2020
A profit-maximizing firm will continue to expand output
a. as long as the revenues from the production and sale of an additional unit exceed the average costs of the unit.
b. until the average cost of producing the good or service is at a minimum.
c. as long as the revenues from the production and sale of an additional unit exceed the marginal cost of the unit.
d. until the marginal cost of producing a good or service is at a minimum.
A profit-maximizing firm will continue to expand output
a. as long as the revenues from the production and sale of an additional unit exceed the average costs of the unit.
b. until the average cost of producing the good or service is at a minimum.
c. as long as the revenues from the production and sale of an additional unit exceed the marginal cost of the unit.
d. until the marginal cost of producing a good or service is at a minimum.
Romarie Khazandra MarijuanLv10
25 Dec 2020
