Complete each statement from the options below.
(a) When marginal cost is greater than marginal revenue:
(b) When marginal revenue is greater than marginal cost:
(c) When marginal revenue equals marginal cost:

(i) output should increase.
(ii) profits will be maximised.
(iii) output should decrease.

Question

Complete each statement from the options below.
(a) When marginal cost is greater than marginal revenue:
(b) When marginal revenue is greater than marginal cost:
(c) When marginal revenue equals marginal cost:

(i)	output should increase.
(ii)	profits will be maximised.
(iii)	output should decrease.

Quizplus · Accepted Answer

The Answer of Complete each statement from the options below.
(a) When marginal cost is greater than marginal revenue:
(b) When marginal revenue is greater than marginal cost:
(c) When marginal revenue equals marginal cost:

(i)	output should increase.
(ii)	profits will be maximised.
(iii)	output should decrease.

Complete Each Statement from the Options Below