Suppose you're producing designer clothes for Barbie dolls. You're producing 100 units and discover that the MR for the 100th unit is $50 while the MC of the 100th unit is $45 . If you're in the short run, it's a signal for you to
a. shut down
b. stay where you are because you're making profit on that unit
c. increase production beyond 100 units
d. produce less than 100 units
e. it's no signal because price data is unknown
C
Economics
You might also like to view...
In the aggregate demand-aggregate supply framework, how does an increase in the price level affect potential GDP?
What will be an ideal response?
Economics
If short-run average total costs are rising in the oil tanker industry, it implies that economies of scale exist in that industry
a. True b. False Indicate whether the statement is true or false
Economics