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Use the Following to Answer Question(s)

Question 150

Multiple Choice

Use the following to answer question(s) :
Exhibit: Marginal Decision Rule
Use the following to answer question(s) : Exhibit: Marginal Decision Rule -(Exhibit: Marginal Decision Rule) To maximize economic profit, this firm should produce quantity ________ where _______ = _______ . A) q<sub>1</sub>; MR ; MC B) q<sub>2</sub>; price; MC C) q<sub>2</sub>; MR; TR D) q<sub>1</sub>; TR; TC
-(Exhibit: Marginal Decision Rule) To maximize economic profit, this firm should produce quantity ________ where _______ = _______ .


A) q1; MR ; MC
B) q2; price; MC
C) q2; MR; TR
D) q1; TR; TC

Correct Answer:

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