Multiple Choice
If a firm's marginal revenue exceeds its marginal cost,it should
A) raise its price
B) advertise more
C) lay off a few employees
D) cut back its overhead
E) increase its output
Correct Answer:
Verified
Related Questions
Q57: For a perfectly competitive firm,
A)marginal revenue is
Q58: The change in a firm's total revenue
Q59: In order for a firm to face
Q60: Under perfect competition,the demand curve facing a
Q61: The firm will do best if it
Q63: If average variable cost exceeds price for
Q64: A perfectly competitive firm produces in a
