Solved

Figure 12-2 -Refer to Figure 12-2.What Happens If the Firm Produces More

Question 64

Multiple Choice

Figure 12-2
Figure 12-2 -Refer to Figure 12-2.What happens if the firm produces more than Q₄ units? A) Its profit increases. B) It makes a loss. C) Its total revenue is increasing faster than its total cost. D) It could make a profit or a loss depending on what happens to demand.
-Refer to Figure 12-2.What happens if the firm produces more than Q₄ units?

A) Its profit increases.
B) It makes a loss.
C) Its total revenue is increasing faster than its total cost.
D) It could make a profit or a loss depending on what happens to demand.

Correct Answer: