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Title: Comparison of marginal revenue to marginal cost

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Q:

Comparison of marginal revenue to marginal cost

           (i)     reveals the contribution of the last unit of production to total profit.

           (ii)    is helpful in making profit-maximizing production decisions.

           (iii)   tells a firm whether its fixed costs are too high.

           a.   (i) only

           b.   (i) and (ii) only

           c.    (ii) and (iii) only

           d.   All of the above are correct.


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Title: Comparison of marginal revenue to marginal cost

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    • Posted Date: Apr 27, 2012 at 9:30:10 PM

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A:
...sp;        a.   (i) only        &n...
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