Explore BrainMass
Share

Explore BrainMass

    Marginal Revenue and Marginal Cost Relationship

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    If a firm finds out that its MR is greater than its MC, it should:
    a) increase production and sales
    B0 decrease production and sales
    c) encourage the entry of other firms into the market
    d) keep raising its selling price until MR =MC.
    E) change nothing because profits are maximized.

    © BrainMass Inc. brainmass.com October 9, 2019, 4:01 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/marginal-revenue-marginal-cost-relationship-20321

    Solution Preview

    If a firm finds out that its MR is greater than its MC, it should:
    a) increase production and sales
    B0 decrease production and sales
    c) encourage the entry of other firms into ...

    Solution Summary

    Answers a multiple choice question on Marginal Revenue and Marginal Cost.

    $2.19