Figure 9-13

-Refer to Figure 9-13.When price rises from P₂ to P₃,the firm finds that
A)marginal cost exceeds marginal revenue at a production level of Q₂.
B)if it produces at output level Q₃ it will earn a positive profit.
C)expanding output to Q₄ would leave the firm with losses.
D)it could increase profits by lowering output from Q₃ to Q₂.

Question

Figure 9-13
 
-Refer to Figure 9-13.When price rises from P₂ to P₃,the firm finds that
A)marginal cost exceeds marginal revenue at a production level of Q₂. 
B)if it produces at output level Q₃ it will earn a positive profit. 
C)expanding output to Q₄ would leave the firm with losses. 
D)it could increase profits by lowering output from Q₃ to Q₂.

Quizplus · Accepted Answer

The Answer of Figure 9-13
 
-Refer to Figure 9-13.When price rises from P₂ to P₃,the firm finds that
A)marginal cost exceeds marginal revenue at a production level of Q₂. 
B)if it produces at output level Q₃ it will earn a positive profit. 
C)expanding output to Q₄ would leave the firm with losses. 
D)it could increase profits by lowering output from Q₃ to Q₂.

Figure 9-13 -Refer to Figure 9-13.When Price Rises from P₂ to P₃,the