Question
Producing at the output level corresponding to MR=MC will guarantee profits. State true or false.
Answer: Option B
:
B
Producing atthe output level corresponding to MR=MC will guarantee profits if and only if the price is greater than the minimum value of SAC. Hence, the statement is false.
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:
B
Producing atthe output level corresponding to MR=MC will guarantee profits if and only if the price is greater than the minimum value of SAC. Hence, the statement is false.
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