Economic Profit and Loss in Microeconomics
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What happens when the average cost (AC) is below the market price at equilibrium?

  • The firm earns zero profit
  • The firm shuts down
  • The firm incurs a loss
  • The firm earns a positive profit (correct)

    • What occurs when the average cost (AC) is above the market price at equilibrium?

  • The firm shuts down
  • The firm earns a positive profit
  • The firm gets zero profit
  • The firm earns a negative profit (incurs a loss) (correct)

    • What happens when the average cost (AC) is equal to the market price at equilibrium?

  • The firm incurs a loss
  • The firm earns zero profit or normal profit (correct)
  • The firm earns a positive profit
  • The firm shuts down

    • What is the result of a firm's AC being above the market price at equilibrium?

    <p>The firm earns a negative profit (incurs a loss)</p> Signup and view all the answers

    ምን ተመሳሳይ ነው እንዴት እንደሚቀጥለው በመተላለፍ ዕድል (AC) እና ምን ባቀረዉ እንደሚፈጠረው በትክክለኛ እንደሚመጣ?

    <p>ስለ ዕድሜ ፅ/ ነገር</p> Signup and view all the answers

    AC በመተላለፍ ዕድል (AC) እና ጤ/ መ/ በ/ መ/ ት/ መ/ መ/ በ/ AC/ P=Q?

    <p>0%</p> Signup and view all the answers

    AC/P=Q (AC) በ/ AC/P=Q=0%>?

    <p>Negative profit (loss)</p> Signup and view all the answers

    AC/P=Q (AC) በ/ AC/P=Q=50%>?

    <p>Normal profit (zero profit)</p> Signup and view all the answers

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