A monopolistically competitive firm is producing at the output where its marginal revenue equals its marginal cost. At this output, its total revenue is $17,920, its average variable cost is $38, and its average fixed cost is $21. At this output the firm has an economic . Note: all costs include opportunity cost.

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies. answers: management policies

The questions of economics address which of the following ? check all that apply

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.