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Question content area Part 1 Suppose a perfecttly competitive firm receives​ $45 for every unit they...

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Economics

Question content area Part 1 Suppose a perfecttly competitive firm receives​ $45 for every unit they sell. They currently have an average total cost equal to​ $50, and the marginal costs associated with producing the next unit equals​ $40. This firm​ should: A. increase output because price is above marginal cost. B. we need more information to determine whether this firm should​ increase, decrease, or keep output the same. C. decrease output because price is below average total cost. D. decrease output because marginal cost is below average total cost.

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