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.

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