Economy, asked by Prashanttiwari488, 5 hours ago

what is the maximal profit

Answers

Answered by ishuishit
0

Explanation:

Maximum profit is the level of output where MC equals MR.

When the production level reaches a point that cost of producing an additional unit of output (MC) exceeds the revenue from the unit of output (MR), producing the additional unit of output reduces profit.

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