Multiple Choice
A company is producing 15,000 units.At this output level,marginal revenue is $22 and the marginal cost is $18.The firm sells each unit for $48 and average total cost is $40.What can we conclude from this information?
A) The company is making a loss
B) The company needs to cut production
C) The company needs to increase production
D) Not enough information is provided
Correct Answer:
Verified
Correct Answer:
Verified
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