menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
  5. Question
    If Total Profit Is Maximized, Then Marginal Cost Must Equal
Solved

If Total Profit Is Maximized, Then Marginal Cost Must Equal

Question 65

Question 65

True/False

If total profit is maximized, then marginal cost must equal marginal revenue.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: The federal government, in order to fund

Q61: If fixed cost rises,<br>A)the profit-maximizing level of

Q62: In the case study discussed in the

Q63: If average cost is falling, then marginal

Q64: Why is the total profit curve shaped

Q66: Economists and accountants use the same definition

Q67: Figure 8-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 8-4

Q68: The demand curve for a firm's product

Q69: Total cost equals average cost multiplied by

Q70: Do firms really seek to maximize profits?

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines