-In the Above Figure, If the Firm Increases Its Output

question 357

Multiple Choice

-In the above figure, if the firm increases its output from Q₁ to Q₂, it will

• A) reduce its marginal revenue.
• B) increase its marginal revenue.
• C) decrease its profit.
• D) increase its profit.

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Definitions:

Habit

A regular behavior or practice that an individual performs automatically.

Comfort

A state of physical and emotional ease, often achieved through supportive environments or relationships.

Security

Measures or protocols taken to ensure the safety and protection of assets, data, and individuals from theft, harm, or other threats.

Need For Change

The requirement or motivation for making alterations or adjustments in one's personal life, work environment, or society.