If marginal revenue is greater than marginal cost, a producer must reduce the level of output to maximize profit
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following is true?
A) The real interest rate is always positive. B) The nominal interest rate is usually negative. C) The real interest rate can be negative. D) The real interest rate can never be zero. E) The nominal interest rate is usually less than the real interest rate.
Economics
Which of the following is not a barrier to entry?
a. Legal restrictions b. Patents c. Large sunk costs d. Survivor rights
Economics