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    Finding optimal level of production

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    For the graph below:

    a. Identify the firm's profit maximizing (or loss minimizing output)
    b. Is the firm making a profit or realizing losses? How do you know?
    c. Should the firm continue to operate in the short run?

    Please see the attached file for the graph.

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    https://brainmass.com/math/optimization/finding-optimal-level-production-247392

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    Please see the attached file for the complete solution. Graphs are missing here.

    Solution:

    a. Identify the firm's profit maximizing (or loss minimizing ...

    Solution Summary

    The solution explains how to find optimal level of production for a firm. It also determines what course of action should be taken in this situation.

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