how-does-the-marginal-revenue-being-less-than-price-affect-a-firms-decision-to-p

Question

How does the marginal revenue being less than price affect a firm's decision to produce more units?

Accepted Answer

The firm will produce more units as long as marginal cost is less than marginal revenue.

Answer

The firm will produce more units as long as marginal cost is greater than marginal revenue.

Answer

The firm will produce more units as long as total cost is less than total revenue.

Answer

The firm will produce more units as long as average cost is less than price.