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wrote...
Posts: 66
2 weeks ago
A company finds that at its present level of production, MC = AVC at $15, MC = ATC at $20, and MC = MR at $17. Your advice to the firm regarding its short-run operations is

• to continue production at a loss.

• to continue production, as it is earning an economic profit of $2 per unit.

• to continue production, as it is earning an economic profit of $3 per unit.

• to shut down.
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Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
2 weeks ago
to continue production at a loss.
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