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Leave quantity produced the same

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Reference no: EM133268805

1. A monopolist is operating such that ATC = $4, P = $5, MC = $2, and MR = $3

a. Is this firm currently making a profit?

b. Should the firm increase, decrease, or leave quantity produced the same?

c. Explain your answer for part b

2. A firm operating such that ATC = $4, P = $3, and MC = $2

a. Is this firm currently making a profit?

b. Should the firm increase, decrease, or leave the quantity produced the same?

c. Explain your answer for part b

Reference no: EM133268805

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