At any quantity of output above the intersection of the marginal revenue and marginal cost curves:
A) MR is lower than MC.
B) profits are being maximized.
C) ATC equal to AVC.
D) MR is higher than MC.

Question

Quizplus · Accepted Answer

At any quantity of output above the intersection of the marginal revenue (MR) and marginal cost (MC) curves, MR is lower than MC, indicating that producing additional units would decrease profit.

At Any Quantity of Output Above the Intersection of the Marginal