Question

Please assist:
If a profit-maximising firm sells it's product for R300, but continues to produce even though it is making a loss, This suggests that
1. The marginal cost is less than the price
2. The average fixed cost is less than the price
3. The average variable cost is less than the price
4. The a average total cost is less than the price

Answer 1

4.The a average total cost is less than the price