At its current level of output, a firm’s total revenue is greater than its total variable cost but less than its total cost. If

Question

2 years ago

15

At its current level of output, a firm’s total revenue is greater than its total variable cost but less than its total cost. If

the firm is producing at the point where marginal revenue is equal to marginal cost, what should the firm do to maximize in the short run? A. Increase price to increase revenue B. Decrease price to increase quantity C. Exit the market to minimize losses. D. Continue to produce at its current level of output to minimize losses. Or E. Shut down

Advanced Placement (AP)

1 answer:

eimsori [14] · Answer 1 · 2022-10-20T07:07:38+03:00

eimsori [14]2 years ago

4 0

Answer:

E

Explanation: