able to do this. The demand curve facing the individual firm is also the firm's average revenue curve and the marginal revenue curve.
Profit maximization is when output is low it causes MC to be low (law of diminishing marginal productivity). Each additional unit produced adds more to revenue than to cost. Production should occur. When output is high MC is high (law of diminishing marginal productivity). Each additional unit produced adds more to revenue than to cost. Production should cease. Optimum production is when
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