Multiple Choice
If output is increased beyond the point where total profit is maximized,
A) total profits stay constant.
B) total profits will decline.
C) marginal profit will be positive.
D) MR will be increasing.
Correct Answer:

Verified
Correct Answer:
Verified
Q139: If MC > MR,<br>A)output should be reduced.<br>B)marginal
Q140: Explain the rules for finding maximum profit
Q141: Marginal, average, and total figures are bound
Q142: "Satisficing" rather than "maximizing" primarily emerges under
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -Green
Q145: Marginal profit is the addition to a
Q146: Marginal profit is the profit<br>A)earned by a
Q147: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -At
Q148: Business people often use "hunches" and intuition
Q149: Suppose that on a Saturday night at