Answer only if 100% correct. Explain well and typed answer only . I will rate with multiple votes. 2. If MR>MC, then the firm should૩.increase productionb.decrease productionC.keep the prices constantd.keep the production level constant

Profit maximisation occurs when the firm is earning maximum revenue and any increase or decrease in…

Answered: 2. If MR>MC, then the firm should a.…

2. If MR>MC, then the firm should a. increase production b. decrease production C. keep the prices constant d. keep the production level constant

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter8: Understanding Markets And Industry Changes

Section: Chapter Questions

Problem 8.3IP: Hand Sanitizer Due to the H1N1 flu outbreak, the demand for hand sanitizer has tripled. Should...

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Answer only if 100% correct. Explain well and typed answer only . I will rate with multiple votes.

2. If MR>MC, then the firm should
૩.
increase production
b.
decrease production
C.
keep the prices constant
d.
keep the production level constant

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