1.Why doesnt the firm in Exhibit 3 stop producing at 50 units of output? This is where...

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1.Why doesn’t the firm in Exhibit 3 stop producing at 50 units of output?

This is where the largest difference between marginal revenue and marginal cost occurs. Why does the firm continue to produce until marginal revenue equals marginal cost?

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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Question Posted: Nov 04, 2024 03:01 AM

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1.Why doesnt the firm in Exhibit 3 stop producing at 50 units of output? This is where...

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Economics

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