Question: This is Section 3.2 Problem 22: When the production is 1,000, the marginal revenue is $5 per unit and the marginal cost is $5.2 per

This is Section 3.2 Problem 22: When the production is 1,000,

This is Section 3.2 Problem 22: When the production is 1,000, the marginal revenue is $5 per unit and the marginal cost is $5.2 per unit. Since the marginal revenue is ---Select-- the marginal cost, the maximum profit to occur at a production level --Select--- 1000. Hint: Follow Theorem 1

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