Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 20

An increase in price from P₃ to P 5 would:
a. shift this firm's MC curve to the right.
b. mean that MR5 exceeds MC at Q₃ units, inducing the firm to expand output to Q 5.
c. decrease this firm's average variable costs.
d. enable this firm to obtain a normal, but not an economic, profit.