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Answer to Question #105365 in Microeconomics for Mulaudzi Nhlaphu Nicolas
Question #105365
Question.
1- why would a firm increase the quantity of its output even though marginal cost is increasing?(3 marks)
NB:reference your work
1- why would a firm increase the quantity of its output even though marginal cost is increasing?(3 marks)
NB:reference your work
Expert's answer
A firm should increase the quantity of its output until marginal cost equals marginal revenue even though marginal cost is increasing.
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#340153 on Dec 2023
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