In the short run, Fed Ex, a price searcher wishing to maximize profits or minimize losses, should produce the output that

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In the short run, a price searcher like Fed Ex should produce the output where marginal cost equals marginal revenue in order to maximize profits or minimize losses. This is because producing any quantity beyond this point would result in a higher marginal cost than marginal revenue and hence decrease profits.

In the Short Run, Fed Ex, a Price Searcher Wishing