A profit-maximising firm should increase its output until a. marginal revenue equals marginal cost b. marginal profit eq

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A profit-maximising firm should increase its output until a. marginal revenue equals marginal cost b. marginal profit eq

Post by answerhappygod »

A profit-maximising firm should increase its output
until
a. marginal revenue equals marginal cost
b. marginal profit equals the wage rate
c. marginal profit equals marginal cost
d. marginal profit is zero
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”