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Author Question: The figure above shows a firm's marginal revenue and marginal cost curves. Based on the figure ... (Read 182 times)

nenivikky

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The figure above shows a firm's marginal revenue and marginal cost curves.


Based on the figure above, the price of a can is $8; if the price increased to $12, then the firm would
◦ produce zero cans.
◦ decrease the amount of cans produces it but not to zero.
◦ not change the amount of cans it produces.
◦ increase the amount of cans it produces.
◦ More information is needed to determine what action the firm will take.


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Marked as best answer by nenivikky on May 24, 2019

kaylee05

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kaylee05

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