Solved

If, at the Current Level of Output, the Extra Revenue

Question 27

Multiple Choice
If, at the current level of output, the extra revenue received from producing and selling the last unit of output is less than the extra cost of producing that output, the firm should

If, at the current level of output, the extra revenue received from producing and selling the last unit of output is less than the extra cost of producing that output, the firm should


A) expand rapidly.
B) expand cautiously.
C) do nothing.
D) reduce output to the point where the extra revenue is less than the extra cost.
E) reduce output to the point where the extra revenue just equals the extra cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents