YouBoii1889 YouBoii1889
  • 25-12-2019
  • Business
contestada

at a perfectly competitive firm's current output level, average total cost is $15, average variable cost is $10, and marginal cost is $8 and increasing. if the product price is $15, what should this firm do to maximize profits?

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weaambenyounes29
weaambenyounes29 weaambenyounes29
  • 25-12-2019

Answer:

The correct answer is

The firm should increase the quantity of output produced.

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