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28 Sep 2019
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?
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?
Romarie Khazandra MarijuanLv10
28 Sep 2019