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Suppose a firm faces MR=$150 and MC=$90 if they produce the next unit.If they choose to produce this last unit, their profit will ___________.The firm
Suppose a firm faces MR=$150 and MC=$90 if they produce the next unit.If they choose to produce this last unit, their profit will ___________.The firm will be maximizing their profits at the level of output where ________.
increase by $60;MR = MC
decrease by $ 60;MR < MC
increase by $150;MR = MC
increase by $150;MR > MC
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