How can producers make the most profit? check all that apply?

Question

Biology

Malachi

18 August, 04:40

How can producers make the most profit? check all that apply?

+5

Answers (1)

Know the Answer?

Carsen · Answer 1

I believe to make the most the producers can implement the following;

They can work to decrease their marginal cost, they can raise prices to increase marginal revenue, they can also keep the marginal cost below marginal revenues. The producers are the suppliers of various goods and services in the market according to the demand of the consumers. They determine the amount of goods in the markets.