Question

Cost is equal to average of sum of losses true or false

Answer 1

Answer:

Losses occur when average cost is equal to average revenue.

False. Losses occur when average cost is greater than revenue, i.e., AC>AR, while, AC=AR, the firm is able to cover all its cost and earn normal profits in the process.

Explanation:

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Answer 2

Answer:

i think so true.but I am not sure