If the marginal-cost curve is approaching the marginal-revenue curve from above when moving from left ....

Question

to right, the firm..

a. is maximizing profit.

b. should reduce its level of output to increase profit.

c. would decrease profits by increasing production.

d. should shut down.

e. should increase production to make a profit

Answer 1

a, approaching equilibrium when they intersect so u have profit max.

Answer 2

a. is maximizing profit.

More precise would be "approaching to profit-maximizing".

Answer 3

for profit maximization MC=MR is essential condition

so answer is (a)

Answer 4

B.   wow, that question was phrased odd.