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Assume that Pm = $8 and the average total cost at the profit-maximizing quantity is $10. If the firm is incurring $400 in economic losses, how many units of Kohi is it producing?

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Answer:

If the price that a firm charges is higher than its average cost of production for that ... the firm's profit margin is negative and it is suffering an economic loss. ... costs, such as equipment, so it may make sense to continue to produce and incur a loss.

Explanation:

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