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Title: Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level wh Post by: Loraine on Jun 21, 2015 Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level where marginal revenue exceeds marginal cost. In order to maximize his profit, Mark should
A) not change his output. B) decrease his output. C) increase his output. D) shut down his ranch. E) probably change his output, but more information is needed to determine if he should increase, decrease, or not change it. Title: Re: Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output leve Post by: Smoooth on Jul 28, 2015 Content hidden
Title: Re: Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level wh Post by: Smoooth on Aug 31, 2015 My pleasure :-]
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