<p>P = MR = MC = ATC</p>
<p>I believe that is the representation of zero economic profit.</p>
<p>Zero economic profit? Good question…</p>
<p>we designate economics profit as the symbol of pi(used in math) when pi equals 0…</p>
<p>well my guess would have to be when price equals ATC…</p>
<p>since there is the formula for profit= Quantity times (price-ATC)</p>
<p>there you go… i aint answering anything else i gotta study too!!! :p</p>
<p>^The formula and my proposal actually make sense then.</p>
<p>I find it enjoyable to study with CCers. You guys are brilliant enough to answer any of my questions.</p>
<p>■■■■■… did i just say “ain’t”? this AP stuff is messing with my head… ughhh</p>