Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level where marginal revenue exceeds marginal cost. In order to
maximize his profit, Mark should
O A. decrease his output.
OB. shut down his ranch.
O c. not change his output.
OD. increase his output.
O E. probably change his output, but more information is needed to determine if he should increase, decrease, or not change it.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mark owns a cattle ranch near Hugo, Oklahoma. Mark is currently producing beef at an output level where marginal revenue exceeds marginal ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Insurance companies track life expectancy information to assist in determining the cost of life insurance policies. Last year the average life expectancy of all policyholders was 77 years.
Answers (1)
If we wanted to measure the capacity of the waterfall and how deep it was, what unit of measure would we use?
Answers (1)
What is 11/15 as a repeating decimal
Answers (1)
What is - 1.8 = h - 4.7?
Answers (2)
Find three consecutive odd integers such that the sum of the first, two time the second and three times the third is 46
Answers (1)
New Questions in Mathematics
Congruent squares, with side lengths of x, are cut from the corners of a 12-inch-by-16-inch piece of cardboard to form an open box. Which equation models the surface area, y, of the open box after the corners arw cut away?
Answers (1)
Bill can mow the lawn in 2 hours, and his younger brother Tom can mow it in 3 hours. If both brothers mow the lawn together, how many hours will it take them?
Answers (1)
Write a linear function f with f (-10) = 4 and f (-2) = 4. f (x) =
Answers (1)
Relations and functions
Answers (1)
How can you tell if a number is devisible by 3?
Answers (2)