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mdagenh1 mdagenh1
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5 years ago

Question 1.

The Lend Me Your Ears Company monopolizes the production of a specialized hearing aid. The Lend Me Your Ears Company will find it profitable to increase the production of the hearing aids as long as marginal revenue is



▸ less than marginal cost.

▸ equal to marginal cost.

▸ greater than marginal cost.

▸ positive.

Question 2.

The Lend Me Your Ears Company monopolizes the production of a specialized hearing aid. The Lend Me Your Ears Company will find it profitable to reduce output as long as marginal cost is



▸ greater than marginal revenue.

▸ equal to marginal revenue.

▸ less than marginal revenue.

▸ positive.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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krobdancekrobdance
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5 years ago
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mdagenh1 Author
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#2
5 years ago
Thank you
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