MCQOPTIONS
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| 1. |
An analyst is studying a dry dean enterprise. Assuming that information is available, average variable cost is less then marginal revenue, and a farmer is trying to get the maximum returns above costs, the analyst should recommend that the farmer produce where: |
| A. | Average total cost is equal to average total revenue |
| B. | Marginal cost is equal to marginal revenue |
| C. | Marginal cost is equal to average total cost |
| D. | Marginal revenue is equal to average variable cost |
| Answer» C. Marginal cost is equal to average total cost | |