Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / According to the marginal approach to profit, a firm should take any action that _____
According to the marginal approach to profit, a firm should take any action that _____.
a) increases marginal revenue,
b) adds more to revenue than to cost,
c) increases total revenue,
d) decreases total cost,
e) decreases marginal cost.
According to the marginal approach to profit, a firm should take any action that b) adds more to revenue than to cost,Yes, a firm producing should produce another unit as long as the revenue of doing so is more than the cost of doing so.
