If a Firm Is Producing Where MR < MC

question 49

Multiple Choice

If a firm is producing where MR < MC

• A) the revenue gained by producing one more unit of output exceeds the cost incurred by doing so.
• B) the revenue gained by producing one more unit of output equals the cost incurred by doing so.
• C) the revenue gained by producing one more unit of output is less than the cost incurred by doing so.
• D) the firm is already maximizing profits because revenue is being decreased by more than costs.

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Definitions:

Twins

Siblings born at the same time from the same pregnancy, which can be either identical (from one egg) or fraternal (from two different eggs).

Symptoms

The signs or manifestations of a disease or condition, which can be physical, psychological, or emotional.

Positive

Exhibiting or emphasizing beneficial qualities, or expressing optimism and support.

Negative

Characterized by the absence rather than the presence of a particular attribute, feature, or outcome.