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We said the golden rule of economics is MR=MC. Discuss: What does it mean? (1 point) When should production take place under this rule? (1

We said the golden rule of economics is MR=MC. Discuss: What does it mean? (1 point) When should production take place under this rule? (1 point) Please provide an example of Marginal Revenue (or Marginal benefit) VS. Marginal Cost in your real-life experience. (3 points)

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