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il63 [147K]
3 years ago
12

How do we minimize short run cost and maximize short run profits?​

Business
1 answer:
Oksanka [162]3 years ago
3 0
  • In the short run, a firm that is maximizing its profits will:-

  • Increase production if the marginal cost is less than the marginal revenue.
  • Decrease production if marginal cost is greater than marginal revenue.
  • Continue producing if average variable cost is less than price per unit.
<h3><u>__________________________</u></h3>
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