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QUESTION 5 A manufacturer must decide what level of output is profit maximising quantity. Use graph(s) to illustrate and explain how the manufacturer can use

QUESTION 5

  1. A manufacturer must decide what level of output is profit maximising quantity. Use graph(s) to illustrate and explain how the manufacturer can use marginal analysis to decide on this level of quantity.

  1. Will producing a profit maximising quantity guarantee a profit? Explain.

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