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Jason is currently producing 20,000 pounds of apples. To maximize his profit, Jason should?

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User Rickerby
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1 Answer

5 votes

Final answer:

To maximize his profit, Jason should determine the optimal level of production that will maximize his revenue and minimize his costs.

Step-by-step explanation:

To maximize his profit, Jason should determine the optimal level of production that will maximize his revenue and minimize his costs. This can be done by analyzing the relationship between the quantity of apples produced and the price at which he can sell them. Jason should produce apples until the marginal cost of producing an additional pound of apples equals the marginal revenue he receives from selling that additional pound of apples. By doing so, he can maximize his profit.

answered
User Dimitris
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