BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business is doing well if the total revenue exceeds the total cost.
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True
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False
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Explanation:
Detailed explanation-1: -A firm should continue to increase an activity so long as the total revenue from the activity exceeds the total cost of the activity. If marginal revenue is equal to marginal cost, profit must be at a maximum. If total cost is equal to total revenue, then profit is equal to zero.
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