Unformatted text preview: profits not be negative. To accomplish that, the organization should choose the level of output, Q, at which average revenue is equal to average cost (AR=AC). That will generally be larger than the Q chosen by a profit-maximizing organization....
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This note was uploaded on 04/03/2012 for the course ECN 437 taught by Professor Peterwilcoxen during the Spring '12 term at Syracuse.
- Spring '12