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    Economics Principles and Policy Study Set 2
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
  5. Question
    What Rule(s) Should a Firm Follow in Deciding Optimum Output
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What Rule(s) Should a Firm Follow in Deciding Optimum Output

Question 165

Question 165

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What rule(s) should a firm follow in deciding optimum output for profit maximization?

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The firm should expand its output as lon...

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