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dmitriy555 [2]
1 year ago
6

if firms are producing at a profit-maximizing level of output where the price is equal to the average total cost

Business
1 answer:
vekshin11 year ago
6 0

There must be no Economic profits. The total of the quantities that every single producer is willing to supply makes up the market supply in a market with perfect competition.

<h3>What output volume is appropriate for the corporation aiming to maximize profits?</h3>

Marginal revenue and cost must match in order to maximize total profit. At 4 units of output, in this example, the maximum profit is realized. Where MR = MC is where a corporation with perfect competition will also find its level of output that maximizes profits.

<h3>When a corporation engaged in competition seeks to maximize immediate economic gains?</h3>

The amount of output the company picks where its marginal revenue and cost are equal to optimize profits.

To know more about Economic visit:-

brainly.com/question/1446246

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Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is no
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A. that my answers

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Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is not able to concentrate on his work in the presence of music. Jones recieves benefits worth $200 regardless of whether he listen to music on his speakers or headphones. The cost of headphones is $50. SMith is not abke to conecentrate on his work and suffers damages worth $350 when Jones listens to music without his headphones. Smith does not suffer any damages when Jones listens to music on his headphones.

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