d. At - units, profit margin (or average profit) is maximized. Why is this output level different from the answer to parta? e. Let price fall to $3, and draw the new marginal revenue curve. The manager should now produce units to maximize profit. f. Total revenue is now and total cost is $ The firm makes a loss of

d. At - units, profit margin (or average profit) is maximized. Why is this output level different from the answer to parta? e. Let price fall to $3, and draw the new marginal revenue curve. The manager should now produce units to maximize profit. f. Total revenue is now and total cost is $ The firm makes a loss of

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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