Solved

If ΔY2P2 > ΔY1/P1 Then

Question 1

Multiple Choice

If ΔY2P2 > ΔY1/P1 then:


A) the firm could increase revenue by moving into Y2
B) the firm could increase revenue by moving out of Y2
C) the firm could increase revenue by remaining at the same output combination
D) not enough information to answer

Correct Answer:

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