If a firm decreases output when MR < MC, then:
a. profit will equal zero.
b. profit will increase.
c. profit will decrease.
d. profit will remain the same.
e. the firm is minimizing losses.
b
Economics
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With regard to education of freed slaves after the Civil War (1861–1865),
(a) there was a rapid rise of literacy. (b) Southern public schools were "separate, but equal." (c) most had received no education under slavery and were illiterate. (d) all of the above are true.
Economics
When the goods of competing companies are identical, consumers have no reason to prefer one product over the other, so the demand curve for each manufacturer will be perfectly elastic.
Answer the following statement true (T) or false (F)
Economics