To increase its profit, the firm will A) average fixed cost.
A. lower its price. B) marginal revenue.
B. raise its price. C) total cost.
C. decrease its output. D) average total cost.
D. increase its output. Answer: B
Answer:C
To increase its profit, the firm will A) average fixed cost.
A. lower its price. B) marginal revenue. B. raise its price. C) total cost. C. decrease its output. D) average total cost. D. increase its output. Answer: B