Question

a profit maximization firm stops it's production at....
(a) Average total cost equals revenue
(b) Average total. Cost starts increasing
(c) need further info about the type of market
(d) all of the above ​

Answer 1

Answer:

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Explanation:

A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression