Jerry's Jellybean Factory produces 2,000 pounds of jellybeans per month and sells them in a perfectly competitive market. The marginal cost is $3 per pound, the average variable cost is $2 per pound, and the beans sell for $4 per pound. Jerry :. A) could increase his profit by producing more beans.
B) is maximizing profit.
C) could increase his profit by producing fewer beans.
D) is incurring an economic loss and should shut down.
E) could increase his profit by raising the price of his beans.