Refer to the information provided in Table 9.2 below to answer the questions that follow.
Table 9.2
-Refer to Table 9.2. At an output level of $2,500, there is a tendency for output

Question

Refer to the information provided in Table 9.2 below to answer the questions that follow.
Table 9.2 
-Refer to Table 9.2. At an output level of $2,500, there is a tendency for output

Quizplus · Accepted Answer

At an output level of $2,500, the marginal cost is greater than the price, indicating that it is not profitable to produce at this level. Therefore, producers would likely decrease output, leading to a fall in output.

Refer to the Information Provided in Table 9