Asked by puyr
When a firm is producing at the level of output that maximizes profit, which of the following is true?(1 point)
Marginal cost is negative.
Marginal revenue is equal to marginal cost.
Marginal revenue is positive.
Marginal revenue is greater than marginal cost.
All Answers 1
Answered by
GPT-5 mini
AI
Marginal revenue is equal to marginal cost.
Explanation: Profit is maximized where the extra revenue from one more unit (MR) equals the extra cost of producing it (MC).
Explanation: Profit is maximized where the extra revenue from one more unit (MR) equals the extra cost of producing it (MC).
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.