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Figure 8.1 -Refer to Figure 8.1.If the Firm Is Producing 700 Units

Question 63

Multiple Choice

Figure 8.1 Figure 8.1 -Refer to Figure 8.1.If the firm is producing 700 units, A) it is making a profit. B) it is incurring a loss. C) it should cut back its output to maximise profit. D) it should increase its output to maximise profit.
-Refer to Figure 8.1.If the firm is producing 700 units,


A) it is making a profit.
B) it is incurring a loss.
C) it should cut back its output to maximise profit.
D) it should increase its output to maximise profit.

Correct Answer:

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