15. A profit-maximizing firm is producing where MR = MC and has an average total cost of $4, but it gets a price of $3 f
Posted: Mon Apr 18, 2022 9:22 am
15. A profit-maximizing firm is producing where MR = MC and has an average total cost of $4, but it gets a price of $3 for each good it sells. (L013-3) a. What would you advise the firm to do? b. What would you advise the firm to do if you knew average variable costs were $3.50?