9.(a)(b)(c)(d)If marginal revenue is N$6 and marginal cost is N$4, the firm seeking to maximize profitsshould:increase it outputreduce its outputraise its pricenone of the above

Maximising profit is relatively determined to be as the step by which the firm or the business firms…

Answered: 9. (a) (b) (c) (d) If marginal revenue…

9. (a) (b) (c) (d) If marginal revenue is N$6 and marginal cost is N$4, the firm seeking to maximize prof should: increase it output reduce its output raise its price none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

9.
(a)
(b)
(c)
(d)
If marginal revenue is N$6 and marginal cost is N$4, the firm seeking to maximize profits
should:
increase it output
reduce its output
raise its price
none of the above

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