What amount of profit does firm fail to pick up by refusing, Science

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What amount of profit does firm fail to pick up by refusing

Problem

1. Why does it make sense for a firm to seek to maximize total profit rather than to maximize marginal profit?

2. A firm's marginal revenue is $133 and its marginal cost is $90. What amount of profit does the firm fail to pick up by refusing to increase output by one unit?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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