how can producers make the most profit? check all that apply. they can work to increase their marginal cost…

how can producers make the most profit? check all that apply. they can work to increase their marginal cost. they can work to decrease their marginal cost. they can raise prices to increase marginal revenue. they can lower prices to decrease marginal revenue. they can keep marginal costs below marginal revenues. they can keep marginal revenues below marginal costs.

how can producers make the most profit? check all that apply. they can work to increase their marginal cost. they can work to decrease their marginal cost. they can raise prices to increase marginal revenue. they can lower prices to decrease marginal revenue. they can keep marginal costs below marginal revenues. they can keep marginal revenues below marginal costs.

Answer

Brief Explanations:

Profit is maximized when marginal revenue (MR) exceeds marginal cost (MC). Decreasing marginal cost directly increases profit margin. Raising prices can increase marginal revenue if demand allows. Keeping MC below MR ensures each additional unit sold adds to profit.

Answer:

  • They can work to decrease their marginal cost.
  • They can raise prices to increase marginal revenue.
  • They can keep marginal costs below marginal revenues.