Marginal Analysis Elasticity Course Packet on marginal analysis Let C x represent the cost and R x the revenue in dollars

Question

Marginal Analysis Elasticity Course Packet on marginal analysis Let C x represent the cost and R x the revenue in dollars associated with producing and selling x units of Dr Little s Winning at Love A Strategy Guide to the Game of Tennis If C 30 63 am R 30 63 which one of the following statements is true O Since marginal cost equals marginal revenue total profits are negative when 30 items have been sold O Producing and selling the 31st item vill have little to no effect on total profits O Since marginal cost equals marginal revenue total profits are positive when 30 items have been sold O Producing and selling the 31st item will decrease total profits O Producing and selling the 31st item will increase total profits

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