Refer to the figure below to answer question 32. C 1 ۲۱ Cost revenues (Rand) MRSM ATC MC AVC Quantity MR AREP AR=D 32. In the figure above, product price in this market is fixed at R35. This firm is currently operating where MR > MC. What do you advise this firm to do? X A. This firm should shut down. XB. This firm could increase profits by increasing output. C. This firm could increase profits by decreasing output. D. This firm should continue to operate at its current output. (2)

Refer to the figure below to answer question 32. C 1 ۲۱ Cost revenues (Rand) MRSM ATC MC AVC Quantity MR AREP AR=D 32. In the figure above, product price in this market is fixed at R35. This firm is currently operating where MR > MC. What do you advise this firm to do? X A. This firm should shut down. XB. This firm could increase profits by increasing output. C. This firm could increase profits by decreasing output. D. This firm should continue to operate at its current output. (2)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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