Economics Multiple Choice Question – 28 November 2018

If marginal revenue exceeds marginal cost, to increase its profit the firm will …….. ?

Select ONE answer:

1. increase its output.
2. keep its output the same.
3. shut down.
4. decrease its output.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 1

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