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hey dear ....
Let us take π = total profit
TC = total cost .
d = differential (small increase or decreased
Q = quantity produced or sold.
We know: π = TR – TC
Or, dπ/dQ = dTR/dQ = dTC/dQ
But, total profit is maximum when marginal profit is zero or when
Dπ/dQ = 0
From the above equation then total profit is maximum when
dTR/dQ = dTR/dQ = 0
Or, dTR/dQ = dTC/dD
nice
Here, dTR/dQ is MR, dTC/dQ is MC
Or, MR = MC
It shows that the total profit is maximum when MC = MR.
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