Ask Question
BusinessBusiness
10 September, 04:42

A firm will make a profit when A. P = MC. B. P = ATC. C. P > AVC. D. P > ATC.

+3
Answers (1)
  1. 10 September, 05:08
    0
    Option (D) is correct.

    Explanation:

    A particular firm earns a profit when the total revenue of this firm is larger or greater than the total cost of this firm.

    Total revenue = Quantity of goods * Price of each good

    Total cost = Quantity of goods * Average total cost

    Therefore,

    Profit = Total revenue - Total cost

    The difference between the total revenue and the total cost is positive when the price of the product is greater than the average total cost.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm will make a profit when A. P = MC. B. P = ATC. C. P > AVC. D. P > ATC. ...” 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
You Might be Interested in
Lucky louie just won the lottery! he has a choice of taking $1,000,000 in cash or receiving $50,000 per year for 30 years beginning at the end of this year. the best way to make this choice is to
Answers (1)
Matthew has over 20 years of work experience in the regulation and control of pharmaceutical industries.
Answers (1)
is the ability of a product to satisfy a customer.
Answers (2)
People who buy bonds are called? A. Debtors B. owners C. Creditors D. consumers
Answers (2)
Kinetic Company estimates that overhead costs for the next year will be $1,600,000 for indirect labor and $400,000 for factory utilities. The company uses direct labor hours as its overhead allocation base.
Answers (1)
New Questions in Business
Why did they give nba youngboy 10 years?
Answers (2)
Entrepreneurs usually do NOT make good: A. general managers. B. marketing decisions. C. financial decisions. D. production schedules.
Answers (2)
Your employer contributes $60 a week to your retirement plan. assume you work for your employer for another 20 years and the applicable discount rate is 9 percent. given these assumptions, what is this employee benefit worth to you today?.
Answers (1)
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000.
Answers (1)
Suppose you have a choice of working full-time during the summer or attending summer school full-time. Summer tuition and books are $3,000. If you worked, you could make $5,000. Your rent is $1,000 for summer, regardless of your choice.
Answers (1)
Home » Business » A firm will make a profit when A. P = MC. B. P = ATC. C. P > AVC. D. P > ATC.
Sign Up Forgot Password?