Question

difference between physical and economic optimum in level of production​

Answer 1

Answer:

This optimum is called physical optimum. We are not considering the profit with respect to the investment, we are interested only in maximizing the profit. The optimum which takes into consideration the amount invested and returns is called the economic optimum.

Explanation:

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Answer 2

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This optimum is called physical optimum. We are not considering the profit with respect to the investment, we are interested only in maximizing the profit. The optimum which takes into consideration the amount invested and returns is called the economic optimum.

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