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Table 13-11 Suppose That a Firm in a Competitive Market Faces the Faces

Question 128

Multiple Choice

Table 13-11
Suppose that a firm in a competitive market faces the following prices and costs:
Table 13-11 Suppose that a firm in a competitive market faces the following prices and costs: -Refer to Table 13-11.If the firm is producing 5 units of output,it should produce A) more units of output because its marginal revenue is greater than its marginal cost. B) fewer units of output because its marginal revenue is less than its marginal cost. C) more units of output because its marginal revenue is less than its marginal cost. D) fewer units of output because its marginal revenue is greater than its marginal cost.
-Refer to Table 13-11.If the firm is producing 5 units of output,it should produce


A) more units of output because its marginal revenue is greater than its marginal cost.
B) fewer units of output because its marginal revenue is less than its marginal cost.
C) more units of output because its marginal revenue is less than its marginal cost.
D) fewer units of output because its marginal revenue is greater than its marginal cost.

Correct Answer:

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