As the manager of a firm you calculate the marginal revenue is $152 and marginal cost is $200. You should
A) expand output.
B) do nothing without information about your fixed costs.
C) reduce output until marginal revenue equals marginal cost.
D) expand output until marginal revenue equals zero.
E) reduce output beyond the level where marginal revenue equals zero.
C
Economics
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Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car registration prices so that real prices stay the same. If the cost to register a car was $50 last year, how much would it cost this year, in nominal terms?
a) $50 b) $53 c) $56 d) $59
Economics
An unexpected rise in Housing Starts should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Economics