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Production Decisions a. When deciding whether to produce or shutdown, besides comparing the prots/losses earned from producing versus the losses suffered by shutting down, what

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Production Decisions a. When deciding whether to produce or shutdown, besides comparing the prots/losses earned from producing versus the losses suffered by shutting down, what two other measures are compared? Why are these two measures selected for comparison? b. Why would a fmn choose to increase production when marginal revenue is greater than marginal cost

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