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Home Q & A Board Other Fields Homework Help Business Economics
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apadong apadong
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Posts: 856
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7 years ago
If a profit maximizing firm is currently producing where MR = MC, it should
A) not change because it is already maximizing profit.
B) exit the industry.
C) increase output so that marginal revenue is less than marginal cost.
D) decrease output so that marginal revenue will be greater than marginal cost and the firmʹs profit will increase.
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goldlilysgoldlilys
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7 years ago
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apadong Author
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#2
7 years ago
Thx
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