Accountancy, asked by vanshitapikle15, 6 months ago

16. Ideal product mix is decided in terms of
1. Sales
2. Variable lost
3. Total Cost
4. Marginal cost​

Answers

Answered by abhinavkumardipak
2

Answer:

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Explanation:

The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to maximize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.

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