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#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
A firm should increase production as long as marginal cost is less than marginal revenue
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A firm should increase production as long as marginal cost is less than marginal revenue, because the addition to total costs from additional production is less than the addition to total revenue from selling the additional output.

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owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88


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