Which of the following is a true statement? A. There is an interval over which MR and MC are both increasing
Which of the following is a true statement? Choose one.
A. There is an interval over which MR and MC are both increasing.
B. There is no interval over which MR and MC are both increasing because MC is always decreasing.
C. There is no interval over which MR and MC are both increasing because MR is always decreasing.
Homework Answers
Option (C).
MR is the change in TR divided by change in output, and if we look closely into the TR line we find that MR is always decreasing, since slope of TR is decreasing. So there is no interval where MR and MC can both increase.
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Which of the following is a true statement? A. There is an interval over which MR and MC are both increasing
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