Business Studies, asked by srinuvasugudela, 3 months ago

Many marginal cost curves are U-shaped. As a result, it is possible that the MC curve hits the demand or price line at two output levels. Which is the proﬁt-maximizing output? Why

Answers

Answered by hetavipandya

Answer:

Profit is maximized when marginal cost curve intersects demand from below because at any greater quantity than this marginal cost is greater than marginal revenue.

Explanation:

I hope this helps..!

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