How to solve these and how do we know if to increase or decrease A firm facing a downward sloping demand curve is producing a level of output at which

How to solve these and how do we know if to increase or decrease A firm facing a downward sloping demand curve is producing a level of output at which price is $9, marginal revenue is $7, and
average total cost, which is at its minimum value, is $4.
In order to maximize profit, the firm should
x price.
A firm with market power is producing a level of output at which price is $8, marginal revenue is $5, average variable cost is $6,
and marginal cost is $10.
In order to maximize profit, the firm should
x price.
A monopolist is producing a level of output at which price is $78, marginal revenue is $42, average total cost is $42, and
marginal cost is $60. In order to maximize profit, the firm should
In order to maximize profit, the firm should
x output.
Not answered
tion
The correct answer is: decrease
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