Answer Happy

17 1 point A firm who wants to maximize profits should increase production if their marginal revenue exceeds their marginal cost their marginal revenue is below their marginal cost their total revenue exceeds their total cost their average variable cost is below their price 18 0000 1 point In the long run, when does a company experience economies of scale? when their costs increase if they increase production when their costs stay the same if they increase production when they can decrease costs by increasing production

20 1 point Jada starts a photography business and invests in some new equipment. A few months after making this decision, she has a change of heart and takes a full-time job as fitness instructor. In making that decision, the cost of the photography equipment is considered a variable cost sunk cost relevant cost recoverable cost