If a Firm Is Producing a Quantity Along the Upward

Multiple Choice

If a firm is producing a quantity along the upward sloping portion of its marginal cost curve at which marginal cost exceeds price and is earning positive economic profits,it should

A) continue to produce this quantity.
B) decrease the quantity produced because doing so will increase profit.
C) increase the quantity produced because profits are still positive.
D) wait for the price to increase to its current marginal cost.