Corporations are legally owned by their shareholders

In Figure 3-7 above, when autonomous planned spending is $250, the equilibrium income level is

A) $1000. B) $1250. C) $1500. D) $2500.

It's logical, it's a rule of thumb, it's an economic guideline: As long as MR < MC, and the firm responds by increasing the quantity it produces,

a. profit will equal zero b. profit will increase c. profit will decrease d. profit will remain unchanged e. the firm will minimize loss