If a perfectly competitive firm maximizes short-run profits, its marginal revenue will be positive and less than its price

Which of the following is NOT a program designed to attack poverty?

A) Supplementary Security Income B) food stamps C) Social Security D) federal corporate income tax

Firms that face capacity constraints can only increase output only up to the capacity, but no further. Therefore, firms

a. Should price to capacity as long as MR > MC b. Should price to capacity as long as MR = MC c. Should price to capacity as long as MR < MC d. Should not take capacity into consideration in pricing decisions