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Table 14-2 -Refer to Table 14-2.If the Firm Finds That Its Marginal

Question 39

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Table 14-2
Table 14-2 -Refer to Table 14-2.If the firm finds that its marginal cost is $12,what should it do A) It should increase production to maximize profit. B) It should increase the price of the product to maximize profit. C) It should decrease the price of the product to minimize loss. D) It should decrease production to minimize loss.
-Refer to Table 14-2.If the firm finds that its marginal cost is $12,what should it do


A) It should increase production to maximize profit.
B) It should increase the price of the product to maximize profit.
C) It should decrease the price of the product to minimize loss.
D) It should decrease production to minimize loss.

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