1
answer
0
watching
1,066
views
1 Jun 2018
29) In the short run, a profit-maximizing firm will expand output A) as long as marginal revenue is greater than marginal cost. B) until marginal cost begins to rise. C) until marginal revenue equals average variable cost. D) until total revenue equals total cost. E) as long as marginal cost is greater than marginal revenue.
29) In the short run, a profit-maximizing firm will expand output A) as long as marginal revenue is greater than marginal cost. B) until marginal cost begins to rise. C) until marginal revenue equals average variable cost. D) until total revenue equals total cost. E) as long as marginal cost is greater than marginal revenue.
Verified Answer
Elin HesselLv2
3 Jun 2018
Jeffrey
JD Candidate at Stanford Law School21 May 2020
Answer verification
This is a step by step verification of the answer by our certified expert.
Subscribe to our livestream channel for more helpful videos.
