Answer to Question #105224 in Microeconomics for TARSHEM BANSAL

Question #105224

A producer is at equilibrium in production of x commodity in a market where mr= ar price of the commodity increases in the market, what should be producer do in this situation? Explain


1
Expert's answer
2020-03-12T02:48:27-0400

The producer should expand the output in order to maximize profit due to increase of prices of the commodity.


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