A profit-maximizing firm in the short run will expand output:
A. Until marginal cost begins to riseB. Until total revenue equals total costC. Until marginal cost equals average variable costD. As long as marginal revenue is greater than marginal cost

Question

A profit-maximizing firm in the short run will expand output:
A. Until marginal cost begins to riseB. Until total revenue equals total costC. Until marginal cost equals average variable costD. As long as marginal revenue is greater than marginal cost

A profit-maximizing firm in the short run will expand output:

A. Until marginal cost begins to rise
B. Until total revenue equals total cost
C. Until marginal cost equals average variable cost
D. As long as marginal revenue is greater than marginal cost

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A profit-maximizing firm in the short run will expand output: A. Until marginal cost begins to riseB. Until total revenue equals total costC. Until marginal cost equals average variable costD. As long as marginal revenue is greater than marginal cost