If a firm's marginal revenue is below its marginal cost, an ...

[Bernana]

If a firm's marginal revenue is below its marginal cost, an increase in production will usually
 a. increase profits.
  b. leave profits unchanged.
  c. decrease profits.
  d. increase marginal revenue.

Question 2

If a firm is a price taker, its marginal revenue is
 a. equal to market price.
  b. less than market price.
  c. greater than market price.
  d. a multiple of market price that may be either greater than or less than one.

[JYan]

Answer to Question 1

c

Answer to Question 2

a

[Bernana]

Thanks for the timely response, appreciate it

[epscape]

Excellent