Question
A firm is currently operating where the MC of the last unit produced = $64, and the MR of this unit = $70. What would you advise this firm to do?
Question 8 options:
A) Shut down.
B) Increase output.
C) Stay at current output.
D) Decrease output.
Question 8 options:
A) Shut down.
B) Increase output.
C) Stay at current output.
D) Decrease output.
Answers
GPT 3.5
B) Increase output.