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Mike, of Mike's Machines, has hired a consultant who informs Mike that since the total revenue from current operations exceeds the total cost, he should consider increasing the production of machines

Economics

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Mike, of Mike's Machines, has hired a consultant who informs Mike that since the total revenue from current operations exceeds the total cost, he should consider increasing the production of machines. Mike would be best off if he:

a. Increases the production of machines until total revenue is equal to the total cost,

b. Increases production until net gains is equal to zero,

c. Maintains his current level of production so long as marginal revenue is equal to marginal cost,

d. Decreases his current level of production if marginal revenue is equal to marginal cost.