A firm is currently operating where the MC of the last unit produced = $64, and the MR
of this unit = $70. What would you advise this firm to do?

See explanation

Explanation:

We know, according to the profit maximization rule, Marginal Revenue = Marginal Cost

According to the question, marginal cost = $64;

marginal revenue = $70.

Therefore, MR > MC. Therefore, the company should continue operating the business. Whenever the company reaches MR = MC point, the company has to produce to get the highest possible profit.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: