Social Studies, 05.08.2019 17:20 autumn8668

In order to maximize profits, the firm will produce
a. 1 unit of output because marginal cost is minimized.
b. 4 units of output because marginal revenue exceeds marginal cost.
c. 5 units of output because marginal revenue equals marginal cost.
d. 7 units of output because total revenue is maximized.

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In order to maximize profits, the firm will produce
a. 1 unit of output because marginal cost...

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