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-Refer to Table 9

Question 94

Multiple Choice

-Refer to Table 9.1.If the market price is $40,which of the following would you recommend to this firm? A) Continue producing four units of output,because the firm is able to make an economic profit. B) Increase output to five units,so that marginal cost equals marginal revenue. C) Reduce price to $35,so that marginal cost will be less marginal revenue. D) Shut down production to insure loss minimization.
-Refer to Table 9.1.If the market price is $40,which of the following would you recommend to this firm?


A) Continue producing four units of output,because the firm is able to make an economic profit.
B) Increase output to five units,so that marginal cost equals marginal revenue.
C) Reduce price to $35,so that marginal cost will be less marginal revenue.
D) Shut down production to insure loss minimization.

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