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Suppose That a Company Produces at a Point Where Its

Question 24

Multiple Choice

Suppose that a company produces at a point where its MR is $430 and its MC is $105, this implies that


A) the firm earns a total profit of $325 at that output level
B) the firm's total costs are rising faster than its total revenue
C) the firm's total profit is rising, suggesting that the firm should expand production
D) each unit of output generates an average profit of $325

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