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Table 14-1 This Table Shows the Revenue and Costs of a Parrot

Question 57

Multiple Choice

Table 14-1
This table shows the revenue and costs of a parrot farmer.
Table 14-1 This table shows the revenue and costs of a parrot farmer. -Refer to Table 14-1. If the farmer finds that its marginal cost is $20, the best response would be to: A) increase production to maximise profit B) plant more vines for the parrots to feed on C) maintain its current level of production to maximise profit D) decrease production to maximise profit
-Refer to Table 14-1. If the farmer finds that its marginal cost is $20, the best response would be to:

A) increase production to maximise profit
B) plant more vines for the parrots to feed on
C) maintain its current level of production to maximise profit
D) decrease production to maximise profit

Correct Answer: