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Suppose Meg's Marine is producing 10 boats and is considering whether or not to increase its output to 11 boats. At an output of 10
Suppose Meg's Marine is producing 10 boats and is considering whether or not to increase its output to 11 boats. At an output of 10 boats, the marginal revenue is $1,000, and the marginal cost is $800. In this case, they should Multiple choice question. not increase production because marginal profit decreases. increase production because marginal profit increases. increase production because marginal profit does not change. not increase production because marginal profit decreases by $200
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