story Bookmarks Window Help Iccc.instructure.com D Question 25 A firm suffers losses if total revenue is greater than the total variable cost of production but less than total costs. price exceeds marginal cost. price exceeds average variable cost but is less than average total cost. O total revenue is greater than the total fixed cost of production. D Question 26 A firm earns a profit if price equals marginal cost. price is less than the total cost of production