Suppose your firm has a U-shaped average variable cost curve and operates in a perfectly competitive market. If you produce where the product price (marginal revenue) equals average variable cost (on the upward sloping portion of the AVC curve), then your output will:
选项:
A:exceed the profit-maximizing level of output.
B:be smaller than the profit-maximizing level of output.
C:equal the profit-maximizing level of output.
D:generate zero economic profits.
发布时间:2024-06-04 01:34:55