If Price Is Greater Than Marginal Cost and Output Is

question 84

Multiple Choice

If price is greater than marginal cost and output is infinitely divisible, then

• A)decreasing output decreases revenue less than it decreases cost.
• B)increasing output increases revenue more than it increases cost.
• C)increasing output increases revenue less than it increases cost.
• D)decreasing output increases revenue more than it increases cost.
• E)increasing output has no effect on revenue and cost.

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Definitions:

Tropical Rain Forest

A dense, evergreen forest found in areas of heavy rainfall in the tropics, known for its immense biodiversity and complex ecosystem.

Biome

A large community of plants and animals that occupies a distinct region defined by its climate and dominant vegetation.

Benthic Environment

Ocean floor divided into zones based on distance from land, light availability, and depth.

Exclusively

Without involving anything or anyone else; solely.