Question
If current output is more than the profit-maximizing output, then the next unit produced a.will increase cost more than it increases revenue. c.will increase revenue
If current output is more than the profit-maximizing output, then the next unit produced
a.will increase cost more than it increases revenue.
c.will increase revenue without increasing cost.
d.will increase revenue more than it increases cost
e.may or may not increase profit.
f. will increase profit.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
