-In Figure 8-5,which of the following is true at point B?
A)total revenue is smaller than total cost
B)marginal revenue exceeds marginal cost
C)marginal revenue equals marginal cost
D)marginal revenue is smaller than marginal cost
E)total revenue equals total cost

Question

-In Figure 8-5,which of the following is true at point B?
A)total revenue is smaller than total cost 
B)marginal revenue exceeds marginal cost 
C)marginal revenue equals marginal cost 
D)marginal revenue is smaller than marginal cost 
E)total revenue equals total cost

Quizplus · Accepted Answer

Marginal revenue exceeds marginal cost at point B.

-In Figure 8-5,which of the Following Is True at Point