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a. increase output to increase profit.
b. decrease output to increase profit.
c. keep output the same.
d. collect additional information before taking any action.
...................... a. increase output to increase profit.
a. increase output to increase profit....................................................................
Answer will be option A<<<<<<<<<<<<<<<<<<<<<<<<<<<
If a firm's marginal revenue is higher than its marginal cost than it should increase its output to increase its profit, but before that they have to collect some additional information like the demand of the product, market trend and the factor by which its marginal cost is decreases.
a.>>>>>>>>>>>>>>>>>>>>>>>>>>> increase output to increase profit.
A
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OPTION A.....................................................................
The answer is : Option ( A )
