Table 14-3 Use the Information for a Competitive Firm in the Table

Multiple Choice

Table 14-3
Use the information for a competitive firm in the table below to answer the following questions.

-Refer to Table 14-3.If the firm finds that its marginal cost is $11,it should

A) increase production to maximize profit.
B) increase the price of the product to maximize profit.
C) advertise to attract additional buyers to maximize profit.
D) reduce production to increase profit.