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16. What output or q (in the units of 10) is the most efficient production level? So here, the profit-maximizing output is 300 quantities of
16. What output or q (in the units of 10) is the most efficient production level? So here, the profit-maximizing output is 300 quantities of output because, at that level, price or marginal revenue is equal to marginal cost. So this most profitable output after that MC is higher than MR.
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