In the short run,a manufacturer should produce the next unit of output as long as:
A) Marginal cost is greater than price.
B) Price is greater than total cost.
C) Price is greater than marginal cost.
D) Price equals total cost.
Correct Answer:
Verified
Q49: Rising marginal costs result from:
A) Rising marginal
Q50: The selection of the short-run rate of
Q51: In the long run,a company will stay
Q52: The decision to build,buy,or lease a plant
Q53: If price is greater than marginal cost
Q55: Marginal cost will increase with greater output
Q56: Marginal cost is equal to:
A) Total cost
Q57: The short-run supply decision focuses on:
A) Marginal
Q58: Which of the following is not a
Q59: The reason the average total cost curve
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