Illustrate micelles opportunity cost of producing potatoes

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Q. Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.

Q. If a industry is producing a level of output where marginal income exceeds marginal cost, would it improve profits by increasing output, decreasing output, or keeping output unchanged? Why?

Reference no: EM1367915

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