question archive If a firm's marginal cost is currently greater than their marginal revenue, then this firm should _____ to increase profits
If a firm's marginal cost is currently greater than their marginal revenue, then this firm should _____ to increase profits
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If a firm's marginal cost is currently greater than their marginal revenue, then this firm should _____ to increase profits.
a.continue producing the same amount of output, but use less capital (assuming capital is the fixed input)
b.continue producing the same amount of output, but use less labor (assuming labor is the variable input)
c.increase output
d.decrease output
Option 1
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Option 2
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