Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: The Marginal Decision Rule
-(Figure: Marginal Decision Rule) Look at the figure The Marginal Decision Rule. As long as the price is above the minimum variable cost, this firm should produce quantity _____ where _____ equals _____ to maximize economic profit.

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