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Mbeya cement company, which has a rising short-run marginal cost curve is currently operating at a loss. Mbeya cement company's...Asked by Japhetmanyika97
Mbeya cement company, which has a rising short-run marginal cost curve is currently
operating at a loss. Mbeya cement company's chief economist says that if the price rises a
little, the output should not be increased because, if its marginal cost would rise and the
company would end up with a bigger loss on a higher volume. Should the chief executive
officer of Mbeya cement company listen to the chief economist? Why or why not
NB: Your explanations should be supposed with a graph for more detail
operating at a loss. Mbeya cement company's chief economist says that if the price rises a
little, the output should not be increased because, if its marginal cost would rise and the
company would end up with a bigger loss on a higher volume. Should the chief executive
officer of Mbeya cement company listen to the chief economist? Why or why not
NB: Your explanations should be supposed with a graph for more detail
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Answer
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MADDIE ZIEGLER [MELISSA]
MACKENZIE ZIEGLER [MELISSA]
CHLOE LUKASIAK [CHRISTI]
NIA SIOUX [HOLLY]
BROOKE HYLAND [KELLY]
PAIGE HYLAND [KELLY]
KENDALL VERTES [JILL]
KALANI HILLIKER [KIRA]
JOJO SIWA [JESSALYNN]
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