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Question 81

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Use the following to answer question: Use the following to answer question: -(Figure: Marginal Decision Rule) Use Figure: The Marginal Decision Rule.As long as the price is above the minimum variable cost,this firm should produce quantity _____,where _____ equals _____ and economic profit is maximized. A) q<sub>1</sub>;MR;MC B) q<sub>2</sub>;price;MC C) q<sub>2</sub>;MR;TR D) q<sub>1</sub>;TR;TC
-(Figure: Marginal Decision Rule) Use Figure: The Marginal Decision Rule.As long as the price is above the minimum variable cost,this firm should produce quantity _____,where _____ equals _____ and economic profit is maximized.


A) q1;MR;MC
B) q2;price;MC
C) q2;MR;TR
D) q1;TR;TC

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