QUESTION 5 1 points Save Answer If a competitive firm is currently producing a level of output at which marginal revenue is less than marginal cost, then a. a one-unit decrease in output will increase the firm's profit. b. a one-unit increase in output will increase the firm's profit. c. total cost exceeds total revenue. d. total revenue exceeds total cost. QUESTION 9 1 points Save Answer Table 14-3 Quantity 0 1 2 3 4 Total Revenue $O $14 $28 $42 $56 ing in a competitive market, the marginal revenue is Refer to Table 14-3. For a firm ope O a. $12. b.equal to average revenue. c. lower than the price. d. higher if more units are sold