Products equals the amount spent producing the products

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Reference no: EM131134029

The money a company brings in from selling products equals the amount spent producing the products. the total fixed costs are exactly equal to the total variable costs. profits are exactly equal to the difference between revenue and total variable costs. the marginal revenue of a product is exactly equal to the marginal cost of producing one more unit. the marginal cost curve and the average cost curve will be identical for a particular product. 

Reference no: EM131134029

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