What happens when marginal revenue is greater than marginal cost for every unit from the first to the 1999th?

Economics Dec 15, 2020

Expert Solution

Here, it is given that from the 1st unit to 1999th units, the firm's marginal revenue is higher than the marginal cost. Therefore, it depicts that firm has to raise its production level up to the point where MR = MC. In this case, MR = MC will occur in 2000th units.

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