Business, 16.12.2019 20:31, kale2158

Mr. smith is hired as a consultant to a firm in a perfectly competitive industry. at the current output level the price is $20, the average variable cost is $15, average total cost is $22, and marginal cost is $20. in order to maximize profits in the short-run, mr. smith will recommend that the firm should

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Mr. smith is hired as a consultant to a firm in a perfectly competitive industry. at the current out...