Marginal cost of producing the additional unit

Reference no: EM131788992

Question: If the firm is at an output level where the marginal revenue from selling an additional unit of output is greater than the marginal cost of producing the additional unit, then the firm

a. can increase profit by reducing output

b. can increase profit by raising output

c. has maximized profit or minimized loss at the current output level

d. can not be determined whether profit is maximized or loss minimized.

Reference no: EM131788992

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