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

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

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

Answer

Answer:

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

Brief Explanations:

Profit is maximized when marginal cost is minimized, marginal revenue is maximized, and marginal revenue exceeds marginal cost. Increasing marginal cost reduces profit. Keeping marginal revenues below marginal costs leads to losses.