Mathematics, 23.04.2020 04:57 jb230
Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level where marginal revenue exceeds marginal cost. In order to
maximize his profit, Mark should
O A. decrease his output.
OB. shut down his ranch.
O c. not change his output.
OD. increase his output.
O E. probably change his output, but more information is needed to determine if he should increase, decrease, or not change it.
Answers: 3
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Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level wh...
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