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Refer to the given data. Suppose the firm is currently producing and selling 150 units of output. Should the firm increase its output to 151

Refer to the given data. Suppose the firm is currently producing and selling 150 units of output. Should the firm increase its output to 151 units?

a.Yes, because the marginal revenue equals the marginal cost.

b.Yes, because the marginal revenue exceeds the marginal cost.

c.No, because the marginal cost exceeds the marginal revenue.

d.No, because the marginal cost exceeds the marginal revenue.

e.No, because the average total cost exceeds the marginal revenue.

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