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Vito's Mink Farm produced 1 comma 000 mink last week. The marginal cost was $17 a mink, average variable cost was $15 a mink, and
Vito's Mink Farm produced 1 comma 000 mink last week. The marginal cost was $17 a mink, average variable cost was $15 a mink, and the market price was $21 a mink. Did Vito maximize profit? If Vito did not maximize profit and if nothing has changed, will he increase or decrease the number of mink he produces to maximize his profit this week? Question content area bottom Part 1 Vito is _______ profit, so if nothing changes he will _______ the number of mink he produces to maximize his profit this week. A. maximizing; decrease B. maximizing; increase C. not maximizing; decrease D. maximizing; not change E. not maximizing; increase
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