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Arturiano [62]
1 year ago
9

If firms are earning zero economic profits, they must be producing at an output level at which Group of answer choices price equ

als marginal cost. price equals average total cost. price equals average variable cost. marginal revenue equals marginal cost.
Business
1 answer:
Helen [10]1 year ago
8 0

The corporation makes no money if the price it receives forces it to produce at a level where average cost equals price, which happens at the minimum point of the AC curve.

<h3>What happens if there are no economic gains?</h3>

Normal profit is also referred to as "zero economic profit" since a business will be in a state of normal profit when its economic profit is equal to zero. When all resources are being used effectively and cannot be employed more effectively elsewhere, normal profit arises.

<h3>Why Do Competitor Companies Maintain Their Existence If They Make No Profit?</h3>

Total revenue less total costs = profit. All of the firm's opportunity expenses are included in the total cost. In the zero-profit equilibrium, the company's revenue covers the owners' time and financial outlays to maintain the operation.

learn more about firms are earning zero economic profits here

<u>brainly.com/question/14369137</u>

#SPJ4

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​Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units is​ 7,000 a
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Answer:

Margin of safety= $12,000

Explanation:

Giving the following information:

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3 years ago
What term describes the situation where an employer changes group plan coverage to another insurer, and all employees eligible f
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3 years ago
Which of the following statements is true of break-even point?
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Answer:

D) It helps managers exercise control after the product has been created and is ready for marketing.

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Definition of pre customer contact​
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