If marginal revenue is less than marginal costs
A) production should be decreased.
B) production should be decreased and profits will grow.
C) production should be decreased and losses will decrease.
D) all of these choices are possible.
D
You might also like to view...
Government may actually establish temporary monopolies by the issuance of patents and copyrights.
Answer the following statement true (T) or false (F)
If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would
A) decrease. B) remain the same. C) equal 20%. D) increase.
According to the table above, which of the following exhibit decreasing returns to scale?
A) tobacco products and clothing, but not furniture B) transportation equipment and food, but not paper products C) transportation equipment, food, and paper products D) furniture and electronic equipment, but not tobacco products
Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees b. a temporary clerical agency hires without verifying typing skills c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the worse life insurance rates as non-smokers