Production should be expanded if marginal cost is greater than marginal revenue.

Name: Production should be expanded if marginal cost is greater than marginal revenue.
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Production should only be expanded if marginal revenue is greater than marginal cost, as this suggests that producing additional units will generate more revenue than it costs to produce them. If marginal cost is greater than marginal revenue, expanding production would lead to a loss rather than a gain.

Production Should Be Expanded If Marginal Cost Is Greater Than