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-Refer to the Information Above

Question 61

Multiple Choice

-Refer to the information above.If the output price is 50 cents and rent decreases from $75 to $50,the price taker will A) reduce output because marginal cost has fallen. B) increase output because marginal cost has fallen. C) leave output unchanged because marginal cost is unchanged. D) reduce output because marginal cost has risen. E) increase output because marginal cost has risen.
-Refer to the information above.If the output price is 50 cents and rent decreases from $75 to $50,the price taker will


A) reduce output because marginal cost has fallen.
B) increase output because marginal cost has fallen.
C) leave output unchanged because marginal cost is unchanged.
D) reduce output because marginal cost has risen.
E) increase output because marginal cost has risen.

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