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Nole produces and sells tennis balls in a perfectly competitive tennis ball market.He is currently producing 250 tennis balls per day and his daily profit
Nole produces and sells tennis balls in a perfectly competitive tennis ball market.He is currently producing 250 tennis balls per day and his daily profit is $500.At this level of production his marginal costs are rising and are equal to $5.The current market price of a tennis ball is $3.
If Nole were to increase his output by 1 tennis ball
Group of answer choices
A.his profit would decrease by $5.
B.his profit would be equal to $503.
C.his profit would increase by $2.
D.his profit would be equal to $500.
E.his profit would be equal to $498.
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