Multiple Choice
The figure above shows a firm's marginal revenue and marginal cost curves.
-Based on the figure above,the price of a can is $8; if the price increased to $12,then the firm would
A) produce zero cans.
B) decrease the amount of cans produces it but not to zero.
C) not change the amount of cans it produces.
D) increase the amount of cans it produces.
E) More information is needed to determine what action the firm will take.
Correct Answer:
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