Which of the following is FALSE? a. Average cost is total cost per unit of production b. Produce where MR=AC c. Increase production if MR>MC d. Produce where MR=MC

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asked Mar 28, 2021 109k views

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Bahri Gungor · Answer 1 · 2021-04-02T04:43:02+0000

Answer:

b. Produce where MR=AC

Step-by-step explanation:

b. Produce where MR=AC

This statement is wrong because for profit maximization the firm should produce when MR=MC, by producing at MR=AC the firm is not maximizing its profits.

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Which of the following is FALSE? a. Average cost is total cost per unit of production b. Produce where MR=AC c. Increase production if MR>MC d. Produce where MR=MC

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​ Which of the following is FALSE? a. ​Average cost is total cost per unit of production b. ​Produce where MR=AC c. ​Increase production if MR>MC d. ​Produce where MR=MC

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Which of the following is FALSE? a. Average cost is total cost per unit of production b. Produce where MR=AC c. Increase production if MR>MC d. Produce where MR=MC