A firm’s break-even point occurs where
a. marginal revenue equals marginal cost.
b. marginal revenue equals average variable cost.
c. total revenue equals total cost.
d. total revenue equals total variable cost.
c. total revenue equals total cost.
You might also like to view...
The slope of an indifference curve is called the
A. bliss gradient. B. happiness slope. C. average transformation rate. D. marginal rate of substitution.
If the Fed uses its tools to expand the money supply, bond prices will be bid down and interest rates will rise
a. True b. False Indicate whether the statement is true or false
In a particular town, Comvision and Veriview are the only two providers of cable TV service. Comvision and Veriview constitute a
a. duopoly, whether they collude or not. b. cartel, whether they collude or not. c. Nash industry, whether they collude or not. d. monopolistically competitive market if they charge the same price.
If Tucker University increases tuition in order to increase its revenue, it will:
a. be successful if demand is inelastic. b. be successful if supply is elastic. c. not be successful if the demand curve slopes downward. d. be successful if demand is elastic.