identify the mistake and try to correct it. 1 answer below »


Evaluate each of the subjoined propositions. If a proposition is penny, decipher why; if it is falsity, test the strike and try to emend it.

a. A profit-maximizing agricultural in a exactly competitive activity should fine the output raze at which the estrangement between the traffic value and marginal absorb is highest.

b. An acception in agricultural absorb lowers the profit-maximizing part of output produced in the lacking run.