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Sagot :
According to question, a producer maximize profits when the cost of manufacturing the last unit of production equals the value of the final unit of output (marginal revenue).
Producers decide to maximize profits because they can pay for better compensation for owners and employees with the money they make. Additionally, it enables the business to increase its savings, which can be useful in hard times.
Profit maximization is a strategy that can promote effective and long-term business expansion. A profit maximization strategy will make sure that more work results in higher net revenue if you're ready to grow your business.
To know more about Profit Maximization visit :
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