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If the product price equals $35 per unit, the firm would maximize profits or minimize losses by producing and selling ______ units of output. At
If the product price equals $35 per unit, the firm would maximize profits or minimize losses by producing and selling ______ units of output. At this level of output, the firm's total revenue equals ______, total cost equals ______, and total profit (loss) equals ______. If the product price equals $20 per unit, the firm would maximize profit or minimize losses by producing and selling ________ units of output. At this level of output, the firm's total revenue equals ________, total cost equals ________, and total profit (loss) equals ________. Why would the firm prefer to continue to produce rather than shut down? If the product price equals $10 per unit, the firm would maximize profits or minimize losses by producing and selling ________ units of output. Why
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