To maximise profits, the producer tries to maximise .

TR + TC

No worries! We‘ve got your back. Try BYJU‘S free classes today!

MR + MC

No worries! We‘ve got your back. Try BYJU‘S free classes today!

MR - MC

No worries! We‘ve got your back. Try BYJU‘S free classes today!

TR - TC

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D TR - TC
Profits are defined by TR - TC. To maximise profits, the producer aims to maximise TR - TC.

Suggest Corrections

Similar questions

A firm maximises its profit when

T R = T C

A produce strikes his equilibrium when the difference between

T R

and

T C

is maximised.

Q. The main motive of producers is to maximise profit in ___ economy.

Q. A monopolist is able to maximise his profits when ____________.

Refer to question 11. How many of circuits of type A and of type B, should be produced by the manufacturer, so as to maximise his profit? Derermine the maximum profit.

Join BYJU'S Learning Program

To maximise profits, the producer tries to maximise .

The correct option is D TR - TCProfits are defined by TR - TC. To maximise profits, the producer aims to maximise TR - TC.

The correct option is D TR - TC
Profits are defined by TR - TC. To maximise profits, the producer aims to maximise TR - TC.