If marginal revenue exceeds marginal cost, profit maximizers should:
a. reduce output until they are equal.
b. increase output until they are equal.
c. increase output until profits are zero.
d. decrease output unless profits are zero.
e. maintain current output.
b
Economics
You might also like to view...
In a given year, ________ of smartphone or tablet owners will pay for any apps
A) only about one-third B) almost 90 percent C) about 75 percent D) less than 15 percent
Economics
In a given year, the value of U.S. foreign exchange transactions ________
A) are roughly equal to the value of all U.S. export and import transactions B) cannot be calculated using nominal exchange rates C) are relatively small in comparison with the value of U.S. export and import transactions D) are approximately 25 times greater than the value of U.S. export and import transactions
Economics