Barb's Soccer Ball Company produces 800 soccer balls per week. If the firm used marginal cost pricing to determine soccer ball output, it would produce 600 soccer balls. Consumers do not receive the most desirable quantity of soccer balls from Bib's because Multiple Choice The cost of producing the additional 200 soccer balls is less than the amount that consumers are willing to pay for the additional soccer balls The cost of producing the additional 200 soccer balls is greater than the amount that consumers are willing to pay for the additional soccer balls. The firm must be earning higher than normal economic profits. O Economic losses are occurring Thapter 9 POP Assignment Saved ATC 4. PRICE PRICE OR COST AVC -MR 0.5 points 8 00:04:34 0 QUANTITY 0 QUANTITY If the firm in Figure 23.4 raised the price of its product above $4, the firm would Multiple Choice Not affect revenues but increase profits because costs would decrease. Reduce its total revenue to zero