Suppose That a Firm Is Producing Where 0 < MR

question 7

Multiple Choice

Suppose that a firm is producing where 0 < MR < MC. If the firm produced one less unit of output, total revenue would ____ and total cost would ____.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

---

Definitions:

Hyoid Bone

A U-shaped bone in the neck that supports the tongue and is associated with swallowing and speech.

Omohyoid

A muscle in the neck that acts to lower the hyoid bone and larynx during swallowing and speech.

Thyrohyoid

A muscle in the neck that depresses the hyoid bone and raises the larynx during swallowing and speaking.

Neck

The part of the body connecting the head to the rest of the body, containing structures of the digestive and respiratory tracts as well as major blood vessels and nerves.