A Firm That Is Producing a Positive Quantity of Output

question 4

Multiple Choice

A firm that is producing a positive quantity of output has a profit-maximizing rule that:

• A)It will keep producing until MR is less MC for the next until of production.
• B)It will keep producing provided MR > 0.
• C)It will produce so as to minimize MC.
• D)It will stop producing when MR exceeds MC.
• E)None of the above.

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