Question

1. If a firm is producing such that MR<MC, they should A. release more output B....

1. If a firm is producing such that MR<MC, they should

A. release more output
B. release less output
C. stay at this level of output

2. In a perfectly competitive market, the current market price is $12. Given a total cost function, TC(q) = 36 + 2q^2, how much quantity should a firm release to market?

A. 3
B. 4
C. 5
D. 6
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