1. When the TR and TC curves have the same slope,a. they are the furthest from each other.b. they are closest to each other.c. they intersect each other.d. profit is zero.

When the slopes of the total revenue (TR) and total cost (TC) curves coincide, it represents profit…

Answered: 1. When the TR and TC curves have the…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 20RQ: What two lines on a cost curve diagram intersect at the zero-profit point?

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1. When the TR and TC curves have the same slope, a. they are the furthest from each other. b. they are closest to each other. c. they intersect each other. d. profit is zero.