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Please answer each following question: 1) What is an Economic choice? 2) Why is a unit of economic organization in the current economy need to

Please answer each following question:

1) What is an Economic choice?

2) Why is a unit of economic organization in the current economy need to make economic choices?

3) Apply knowledge of microeconomics you have learned to make the right decision to make the firm's best economic choice? Please illustrate the graph?

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