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Title: The intersection of a firmís marginal revenue and marginal cost curves determines the level of output at which

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Q:

The intersection of a firm’s marginal revenue and marginal cost curves determines the level of output at which

           a.   total revenue is equal to variable cost.

           b.   total revenue is equal to fixed cost.

           c.    total revenue is equal to total cost.

           d.   profit is maximized.


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Title: The intersection of a firmís marginal revenue and marginal cost curves determines the level of output at which

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    • Posted Date: Apr 28, 2012 at 9:25:46 PM

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A:
...sp;        a.   total revenue is equal to variable cost.   ...
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