Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

.A monopolistically competitive firm is operating at a short-run level of output where price is $30, average total cost is $27, marginal cost is $20, and marginal revenue is $25. In the short run this firm should

Sagot :

Parrain

Based on the marginal cost and the marginal revenue to this monopolistically competitive firm, in the short run the firm should increase the level of output.

Why should the firm increase output?

Firms will maximize their profit if they produce at a point where marginal cost equals marginal revenue.

As the marginal revenue is $25 and the marginal cost is $20, the firm should increase output until both these things are the same.

Find out more on maximizing profit at https://brainly.com/question/13799721.

#SPJ1

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.