If output is increased beyond the point where total profit is maximized,
a. marginal profit will be zero.
b. marginal profit will be negative.
c. marginal profit will be positive.
d. MR > MC.
b
Economics
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In the above figure, if the firm is producing Q2 units at a price P2, it should
A) increase output and decrease price. B) decrease output and increase price. C) not change output or price. D) shut down.
Economics
Which of the following does the United States export?
a. oats b. coffee c. oil d. lead e. copper
Economics