A Firm Is Currently Operating Where the MC of the Last

question 18

Multiple Choice

A firm is currently operating where the MC of the last unit produced = $64, and the MR of this unit = $70. What would you advise this firm to do?

• A) Shut down.
• B) Increase output.
• C) Stay at current output.
• D) Decrease output.

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Definitions:

Institutional Racism

Discriminatory practices and policies embedded within societal institutions that disadvantage minority groups based on race or ethnicity.

Evidentiary Exclusion

A legal principle that prohibits certain types of evidence from being presented or considered in court.

Individual Racism

Discrimination or prejudice against people of different races based on personal beliefs or attitudes.

National Rehabilitation Act

U.S. legislation aimed at providing a wide range of services for persons with physical, cognitive, sensory, or emotional disabilities.