Firms and their objectives 5.0 / 5 based on 1 ratingTeacher recommended ? EconomicsThe company, revenue and costsA2/A-levelOCR Created by: JadeCreated on: 28-11-12 21:08 623415 Across 1. If the firm produces below MC=MR, where MR>MC, how can more profit be made? (2, 9, 6) 5. Where does sales maximsation occur? (4) Down 2. If the firm produces above the profit maximsation level of output, MC>MR - the firms profit is? (5, 3, 7) 3. Firms increase output up to the break even level, where total revenue just covers? (5, 5) 4. Where does profit maximisation occur? (5, 4) 6. A firm is prepared to accept a _____ market price in order to increase its _______ (5, 6, 5)
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