Limited access

Upgrade to access all content for this subject

Assuming it should produce, if a perfectly competitive firm is currently producing output such that the price of the last unit produced is \$15 and the marginal cost of the last unit is \$10, that firm could increase its profit by

A

increasing its output.

B

decreasing its output.

C

leaving its output unchanged.

D

increasing its price.

E

decreasing its price.

Select an assignment template