Ask Question
19 March, 11:41

Which of the following are relevant to a firm's decision to increase output: (a) short-run average total cost (b) short-run marginal cost, (c) long-run average total cost

+4
Answers (1)
  1. 19 March, 14:39
    0
    Answer:B

    Explanation:

    A firm that is maximizing its profit will increase production if the marginal cost is less than the marginal revenue.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following are relevant to a firm's decision to increase output: (a) short-run average total cost (b) short-run marginal cost, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers