Economy, asked by kritshar, 8 months ago

whatis the profit maximising level of output for this firm in the short run?

Answers

Answered by queensp73
0

Answer:

Short‐run profit maximization.

A firm maximizes its profits by choosing to supply the level of output where its marginal revenue equals its marginal cost. When marginal revenue exceeds marginal cost, the firm can earn greater profits by increasing its output.

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