Marginal revenue exceeds marginal cost

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Reference no: EM13817224

If the firm is producing at a quantity of output where marginal revenue exceeds marginal cost, then,

a) the firm should keep expanding production.

b) each marginal unit adds profit by bringing in less revenue than its cost.

c) the firm is now earning zero for profit.

d) the firm's perceived demand will shift to the left.

Reference no: EM13817224

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