Economy, asked by imtiazrai47000, 5 hours ago

What is quantity maximization of the firm

Answers

Answered by yaashitha4108

0

Answer:

The general rule is that the firm maximizes profit by producing that quantity of output where marginal revenue equals marginal cost. ... To maximize profit the firm should increase usage of the input "up to the point where the input's marginal revenue product equals its marginal costs".

Explanation:

Answered by rupeshpradhan09

0

Answer:

The general rule is that the firm maximizes profit by producing that quantity of output where marginal revenue equals marginal cost. ... To maximize profit the firm should increase usage of the input "up to the point where the input's marginal revenue product equals its marginal costs".

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