Ask Question
6 November, 10:19

A firm could continue to operate for years without ever earning a profit as long as it is producing an output where

a. atc > avc.

b. mr > avc.

c. mr < atc.

d. afc < avc

+1
Answers (1)
  1. 6 November, 10:36
    0
    A firm could continue to operate for years without ever earning a profit as long as it is producing an output where

    B. MR >AVC

    MR stands for marginal revenue which is the sale price of a single item sold. On the other hand, AVC or the average variable cost is the firm’s variable costs divided by its output that is produced.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm could continue to operate for years without ever earning a profit as long as it is producing an output where a. atc > avc. b. mr > ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers