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​Farmer John Can Produce as Much Corn as He Wants

Question 21

Multiple Choice

​Farmer John can produce as much corn as he wants at the going price of $48 per bushel.At his current production level,the marginal cost is $18.What should the company do?


A) ​Increase production
B) Decrease production
C) Stay at this level of production
D) ​None of the above

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