hyadcsin hyadcsin

16-11-2021
Business

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How do we minimize short run cost and maximize short run profits?

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Аноним Аноним

16-11-2021

In the short run, a firm that is maximizing its profits will:-

Increase production if the marginal cost is less than the marginal revenue.
Decrease production if marginal cost is greater than marginal revenue.
Continue producing if average variable cost is less than price per unit.

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