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Suppose product price is fixed at $24; MR = MC at Q = 200; AFC = $6; AVC = $25. What do you advise this
Suppose product price is fixed at $24; MR = MC at Q = 200; AFC = $6; AVC = $25. What do you advise this firm to do?
Group of answer choices
a.Stay at the current output; the firm is earning a profit of $1,400.
b.Increase output.
c.Shut down operations.
d.Stay at the current output; the firm is losing $1,400.
e.Decrease output.
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