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Business, 09.12.2019 19:31 ciannajustine
To maximize its profit, a producer should set a price (and produce that related output) where: a. marginal cost is just less than or equal to marginal revenue.
b. marginal cost is at its minimum.
c. price is as high as possible.
d. total revenue equals total cost.
e. marginal revenue is zero
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To maximize its profit, a producer should set a price (and produce that related output) where: a. ma...
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