Answer to Question #41568 in Microeconomics for risismac
(b) At a product price of RM32, will this firm produce in the short run? Why, or why not? If it does produce, what will be the profit-maximising or loss-minimising output? What total economic profit or loss will the firm realise to produce at such level of output?
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There is not enough information to calculate profit-maximizing output and total profit
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