A gizmo producer operates in a perfectly competitive market. with

a price of $100 for a can of gizmos. The gizmo producer has a marginal cost curve equal to 0.52q, where q is the number of cans of gizmo produced. The gizmo producer currently produces 192 cans of gizmo. Should the gizmo producer produce 193 cans of gizmo instead?


none of the above
no whiles the marginal cost of the 192nd box is below marginal revenue the marginal cost of the 193rd box is above it so profits is already maximized
yes the marginal cost of the 192nd box is below marginal revenue so production is too low and profit are not maximized
no the marginal cost of the 192nd box is above marginal revenue so production is already too high