Answer (Choose 1 answer)
(17506) Refer to Table 14-7. If the firm is currently producing 14 units, what would you advise the owners?
Table 14-7
Quantity
12
13
14
15
16
17
Marginal Cost
$5
$6
$7
$8
$9
$10
Marginal Revenue
$9
$9
$9
$9
$9
$9
A. increase quantity to 16 units
B. increase quantity to 17 units
C. continue to operate at 14 units
D. decrease quantity to 13 units
Et 45
