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April 18, 2014

April 18, 2014

Posted by **Marilyn** on Tuesday, July 7, 2009 at 4:09pm.

- Microeconomics -
**economyst**, Tuesday, July 7, 2009 at 7:17pmNot profit maximizing.

At the minimum of the AC curve it must be true that MC=AC. So, MC=$50 and MR =$60. The firm could do better by producing more as the marginal revenue from selling one more unit exceeds the marginal cost of producing that extra unit.

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