At a particular level of output, a producer finds that MC gt MR. What will a producer do to maximise his profit ?

At a particular level of output, a producer finds that MC gt MR. What

1.	At a particular level of output, a producer finds that MC gt MR. What will a producer do to maximise his profit ?
Answer» <html><body><p></p>Solution :All profit-maximizing <a href="https://interviewquestions.tuteehub.com/tag/firms-989820" style="font-weight:bold;" target="_blank" title="Click to know more about FIRMS">FIRMS</a> produce where their <a href="https://interviewquestions.tuteehub.com/tag/marginal-555038" style="font-weight:bold;" target="_blank" title="Click to know more about MARGINAL">MARGINAL</a> cost (MC) (the cost of producing <a href="https://interviewquestions.tuteehub.com/tag/one-585732" style="font-weight:bold;" target="_blank" title="Click to know more about ONE">ONE</a> more unit) is equal to their marginal revenue (MR) (the revenue received from selling an <a href="https://interviewquestions.tuteehub.com/tag/additional-367648" style="font-weight:bold;" target="_blank" title="Click to know more about ADDITIONAL">ADDITIONAL</a> unit). This MR=MC rule is the same for <a href="https://interviewquestions.tuteehub.com/tag/monopolists-563450" style="font-weight:bold;" target="_blank" title="Click to know more about MONOPOLISTS">MONOPOLISTS</a> as is it is for perfectly competitive firms</body></html>