Suppose a Firm Is Comparing Its Marginal Revenue (MR) and Marginal

question 47

Multiple Choice

Suppose a firm is comparing its marginal revenue (MR) and marginal cost (MC) .What circumstances would cause the firm to expand its production?  

• A) if MR is greater than MC 
• B) if MR is less than MC 
• C) if MR equals MC 
• D) if MR equals 0

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