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Firm Production Assignment | Homework For You

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December 13th, 2019

Please determine whether the following sentence is true or false. And explain your answer.

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Homework For You

A firm is currently producing 100 units of output per day.  The manager reports to the owner that producing the 100th unit costs the firm $5.  The firm can sell the 100th unit for $4.75.  The firm should continue to produce 100 units in order to maximize its profits. Get Economics homework help today

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