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A firm is currently producing 40 units of output. At this level of output produced:

average total cost is $130; the price per unit of output is $150; MR is $30; MC is $50.

A. Is this firm making profits or losses? How much?

B. Are they ma¡ximum profits? Why?

C. If your answer to question B was no, what does this firm have to do to maximize its profits?

 

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Romarie Khazandra Marijuan
Romarie Khazandra MarijuanLv10
28 Sep 2019

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