Total profit is represented by the vertical distance between a total revenue curve and a total cost curve.
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Q47: Since the demand curve is downward sloping,
Q48: Profits will be maximized when the slope
Q49: If the average cost of a product
Q50: Marginal profit is positive at all positive
Q51: Marginal profit is the additional profit that
Q53: If marginal profit is negative when the
Q54: If the quantity output and average cost
Q55: Profits will be maximized when the slope
Q56: Marginal profit is the slope of the
Q57: A firm should keep producing output as
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