True/False
If a firm can sell one more unit of its product for $7 and the marginal cost of producing that one more unit is only $5,then it should definitely produce and sell one more unit.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q48: Economists generally assume that the firm's goal
Q49: If marginal cost exceeds marginal revenue,then a
Q50: A sunk cost is one that<br>A) does
Q51: If an activity is worth pursuing at
Q52: In order to maximize profits,firms should produce
Q54: Higher fuel costs would cause a delivery
Q55: You are deciding whether or not to
Q56: If an activity is worth pursuing at
Q57: Either a rise in marginal cost or
Q58: A firm has MR = $70 and