When marginal cost is greater than marginal revenue at the current rate of produ

Question

When marginal cost is greater than marginal revenue at the current rate of production, a decision maker can increase profits by decreasing production because Answer average revenue will rise by more than average cost will fall. profits will rise by more than total cost will rise. marginal cost is rising faster than marginal revenue is falling. total cost will fall by more than total revenue will fall. When marginal cost is greater than marginal revenue at the current rate of production, a decision maker can increase profits by decreasing production because When marginal cost is greater than marginal revenue at the current rate of production, a decision maker can increase profits by decreasing production because average revenue will rise by more than average cost will fall. profits will rise by more than total cost will rise. marginal cost is rising faster than marginal revenue is falling. total cost will fall by more than total revenue will fall. average revenue will rise by more than average cost will fall. profits will rise by more than total cost will rise. marginal cost is rising faster than marginal revenue is falling. total cost will fall by more than total revenue will fall.

Explanation / Answer

answe D

Total cost will fall by more than total revenue will fall

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