Whenever the market price exceeds minimum average total cost, the producer is profitable.

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■ Whenever the market price exceeds minimum average total cost, the producer is profitable.

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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Question Posted: Oct 03, 2024 04:02 AM

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Whenever the market price exceeds minimum average total cost, the producer is profitable.
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Whenever the market price equals minimum average total cost, the producer breaks even.
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Whenever the market price exceeds minimum average total cost, the producer is profitable.

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Essentials Of Economics

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