If a monopolistically competitive firm is producing 700 units of output and the marginal revenue from producing the 700th unit of output is $5 and the marginal cost is $5.50, which of the following is true?

A) The firm should decrease production to maximize profit.
B) The firm should increase production to maximize profit.
C) The firm is maximizing profit.
D) The difference between marginal revenue and marginal cost (MR - MC) at the 1,200th unit is zero.


A) The firm should decrease production to maximize profit.

Anthropology & Archaeology

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Which of the following hypotheses has not been proposed to explain floral and faunal aspects of Chavín Cosmology? a. During Chavín times the climate was radically warmer and more humid; perhaps the lowland complex of animals—the jaguar, cayman, and the crested eagle—could have once lived in the highlands around Chavín de Huántar

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Anthropology & Archaeology