Multiple Choice
If a potato farmer increases output and finds that total revenue increased less than total cost, then you know for sure that
A) profit had been maximized
B) the farmer should not have increased output
C) the farmer should produce even more output
D) the farmer suffers a loss
E) the farmer should have decreased output, not increased it
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Which two curves tell you whether or
Q52: Suppose the firm's total revenue is $4,000
Q53: You're called in as a consultant: Price
Q54: It's logical, it's a rule of thumb,
Q55: Explain why a firm must consider variable
Q57: Each firm knows where its MR =
Q58: In the Perspective on profit maximization and
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -If you create
Q60: The Bumpy Ride Suspension company makes springs
Q61: Producing where MR = MC guarantees that