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hoa [83]
3 years ago
14

The upward-sloping segment of the

Business
1 answer:
Airida [17]3 years ago
4 0

Answer:

increases in the price level that raise profits, inducing firms to produce more

Explanation:

increases in the price level that raise profits, inducing firms to produce more

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The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.

Revenue is the gross income derived from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.

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