Exhibit 8-4 Marginal cost and revenue for a firm UnitQua…

Questions

Exhibit 8-4 Mаrginаl cоst аnd revenue fоr a firm UnitQuantity Marginal Cоst Marginal Revenue 12 $  5 $9 13     6   9 14     7   9 15     8   9 16     9   9 17   10   9 In Exhibit 8-4, this firm is currently producing 14 units of output. What would you advise this firm to do?