Answer
B. No
Work Step by Step
It costs 75, and the revenue will be 72. Thus, it does not make sense, for the marginal revenue is less than the marginal costs.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 17 - Natural Resource and Energy Economics - Review Questions - Page 403: 3
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
