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How can producers maximize their 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. The can lower prices to decrease marginal revenue. They can keep marginal costs below marginal revenues. They can keep marginal revenues below marginal costs.

Craig Stewart

in Business

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Dana Keller on August 26, 2018

ANSWER: For any producer to obtain and maximize profits, you can reduce the costs of production and the income must be greater than the cost. So, the choices beB) can work to lower its marginal cost.C) can raise prices to increase marginal revenue. E) can Be maintained below the marginal costs and marginal revenues.All of these factors lead to an increase in income and lower costs, or only keep costs low, thus maximizing profit.


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