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on 20-Oct-2015 (Tue)

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Flashcard 150919444

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
In the long run, a firm will maximize profits at the quantity for which marginal revenue equals marginal cost as long as price is [...].
Answer
price is greater than ATC


statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
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In the long run, a firm will maximize profits at the quantity for which marginal revenue equals marginal cost as long as price is greater than ATC.

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