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Refer to the Figure Below

Question 133

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Refer to the figure below. If this firm is a price taker and the price of each unit of output is $15, then this firm should: Refer to the figure below. If this firm is a price taker and the price of each unit of output is $15, then this firm should: A) produce 60 units of output. B) shut down in the short run. C) raise its price to increase its revenue. D) lower its output to decrease its marginal cost.


A) produce 60 units of output.
B) shut down in the short run.
C) raise its price to increase its revenue.
D) lower its output to decrease its marginal cost.

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