A firm should increase the quantity of output as long as its:
A. marginal revenue is greater than its marginal cost.
B. marginal cost is greater than its marginal revenue.
C. average revenue is greater than its average variable cost.
D. average revenue is greater than its average total cost.
Answer: A
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A potential outcome
A) is the outcome for an individual under a potential treatment. B) cannot be observed because most individuals do not achieve their potential. C) is the same as a causal effect. D) is none of the above.
Mention some applications of real options
Which of the following is not a principal means by which corporations obtain money for investment?
a. selling stocks b. selling bonds c. retaining earnings d. receiving dividends
The effects of inflation on the price competitiveness of a country's products may be offset by:
a) An appreciation of the currency b) A revaluation of the currency c) A depreciation of the currency d) Lower inflation abroad