A firm currently operates at an output level that maximises its total profits. If the firm decides to change its business objective to revenue maximisation, how will it adjust its output, and what condition will determine its new operating point?
It will decrease output until MR=0MR = 0MR=0.
It will increase output until MR=0MR = 0MR=0.
It will increase output until AR=ACAR = ACAR=AC.
It will decrease output until MR=MCMR = MCMR=MC.
