Mr. Rogers sells colored pencils. The colored-pencil industry is competitive. Mr. Rogers hires a business consultant to analyze his company's financial records. The consultant recommends that Mr. Rogers increase his production. The consultant must have concluded that Mr. Roger's
A. total revenues equal his total economic costs.
B. marginal revenue exceeds his total cost.
C. marginal revenue exceeds his marginal cost.
D. marginal cost exceeds his marginal revenue.
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Home » Business » Mr. Rogers sells colored pencils. The colored-pencil industry is competitive. Mr. Rogers hires a business consultant to analyze his company's financial records. The consultant recommends that Mr. Rogers increase his production.