Multiple Choice
If marginal revenue exceeds marginal cost, to increase its profit the firm will
A) decrease its output.
B) increase its output.
C) keep its output the same.
D) shut down.
Correct Answer:
Verified
Related Questions
If marginal revenue exceeds marginal cost, to increase its profit the firm will
A) decrease its output.
B) increase its output.
C) keep its output the same.
D) shut down.
Correct Answer:
Verified
