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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Explain why a firm might want to produce its good even alter diminishing marginal returns have set in and marginal cost is rising.

To determine

Explain why the firm produce its goods even after diminishing returns to scale.

Explanation

In a market, if the marginal benefit of producing goods and services is greater than the marginal cost, then the firm will rise its total profit by increasing its production...

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