Question

Production may continue so long as:

• A. $TR\ge TC$
• B. $TR\ge TVC$
• C. $TR\ge TFC$
• D. none of the above

Answer 1

The correct option is B $TR\ge TVC$

Production may continue so long as total revenue is greater than total variable cost or total revenue is equal to total variable cost. A firm discontinues the production when the total revenue gets lesser than the total variable costs.