For a given firm the mrpl 50 and the mrpk 100 while the, Business Economics

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For a given firm the mrpl 50 and the mrpk 100 while the

For a given firm the MRPL = $50, and the MRPK = $100, while the PL = $10 and the PK = $20. What are the general case rules for producing at least cost and maximizing profits? Is the above firm maximizing profits? Why or why not? What (if anything) can the firm do to increase their profits?

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