$0,1,2$

$3$

$4$

$5$

$6$

$7$

a

$$

$10$

QUANTITY $($Fire engines$)$

Femi $q,$ increase production from $5$ to $6$ fire engines because the $$ dominates in this scenario.

should ernatively Femi's HookNLadder were a competitive firm and $$160,000$ were the market price for an engine, decreasing its price

True $$ from should not $$120,000$ would result in a decrease in the production quantity, but an increase in total revenue.

True

False