If MC is more than MR at a particular level of output, how will the producer react to maximize the profits—:
A. Decrease Production
B. Increase Production
C. Increase Revenue
D. None of these
Answer:A
If MC is more than MR at a particular level of output, how will the producer react to maximize the profits—:
A. Decrease Production B. Increase Production C. Increase Revenue D. None of these