Table 14-3 -Refer to Table 14-3.If the Firm Finds That Its Marginal

Multiple Choice

Table 14-3

-Refer to Table 14-3.If the firm finds that its marginal cost is $22,what should it do

A) It should reduce fixed costs by lowering production.
B) It should increase production to maximize profit.
C) It should decrease production to maximize profit.
D) It should reduce variable costs by lowering production.