At the present level of production, the marginal revenue exceeds the marginal cost of production. In order to attain equilibrium, the producer should___ Option 1: Increase the level of output. Option 2: Decrease the level of output. Option 3: Should keep the output level constant. Option 4: Should reduce the price of the product.

The answer is 'Increase the level of output.'. View full solution:

CUET Economics - At the present level of production, the marginal revenue exceeds the marginal cost of production. In order to attain equilibrium, the producer should___ | PYQs + Solutions

CUET Economics 2025 21 May Shift 1

Micro

Easy

Increase the level of output.

Decrease the level of output.

Should keep the output level constant.

Should reduce the price of the product.

✅ Correct Option: 1