ECS2601

ECS2601 ASS 2 SEMESTER 2 2020 ECS2601 ASS 2 SEMESTER 2 2020 ECS2601 ASSIGNMENT 2 SECOND SEMESTER 2020 2 ECS2601 ASS 2 Second semester 2020 1. If current output is less than the profit-maximizing output, then the next unit produced will… [1] Decrease profit. [2] Increase cost more than it increases revenue. [3] Increase revenue more than it increases cost. [4] Increase revenue without increasing cost. [5] Leave profit unchanged. Explanation-(3)This means that MR>MC therefore the ...