Figure: The Marginal Decision Rule
(Figure: Marginal Decision Rule) Look at the figure The Marginal Decision Rule.As long as the price is above the minimum variable cost, this firm should produce quantity where
________ = to maximize economic profit.
A.Q₁; MR; MC
B.Q₂; price; MC
C.Q₂; MR; TR
D.Q₁; TR; TC

Question

Figure: The Marginal Decision Rule
   (Figure: Marginal Decision Rule) Look at the figure The Marginal Decision Rule.As long as the price is above the minimum variable cost, this firm should produce quantity where
________ = to maximize economic profit. 
A.Q₁; MR; MC
B.Q₂; price; MC
C.Q₂; MR; TR
D.Q₁; TR; TC

Quizplus · Accepted Answer

The Answer of Figure: The Marginal Decision Rule
   (Figure: Marginal Decision Rule) Look at the figure The Marginal Decision Rule.As long as the price is above the minimum variable cost, this firm should produce quantity where
________ = to maximize economic profit. 
A.Q₁; MR; MC
B.Q₂; price; MC
C.Q₂; MR; TR
D.Q₁; TR; TC

Figure: the Marginal Decision Rule