Marginal Analysis for Profit Maximization
For a firm, the marginal revenue of producing an additional unit is $50, while its marginal cost is $30. To maximize profit, what action should the firm take?
A
Decrease production
B
Stop producing
C
Increase prices
D
Continue producing
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | sma.24.2514.a | 5 | 5 | 3m 46s | 274 |
| #2 | tim14032009 | 1 | 1 | 0m 00s | 100 |
| #3 | Demeyl.28 | 1 | 1 | 0m 16s | 84 |
| #4 | prishaprishaprisha | 1 | 1 | 0m 20s | 80 |
| #5 | hyehak0401 | 1 | 1 | 0m 22s | 78 |
| #6 | yunushojaevaazhara | 1 | 1 | 0m 46s | 54 |
Items per page:
10
1 – 6 of 6