Member since April 7, 2014

Tove

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Tove
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Economics
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A question on equilibrium where MC=MR
Mon 7 Apr, 2014 11:01 am - In an economics test question in a perfectly competitive economy, MR=MC at 6 units of output. In this same scenario, profit (TR less TC) for 5 units was $70 at 5 units. 6 units of output was also... (view)
 
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