Why is the point of profit maximization where marginal cost equals marginal revenue?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

Question Posted: Apr 19, 2024 11:00 PM

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Why is the point of profit maximization where marginal cost equals marginal revenue?

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The point of profit maximization occurs where marginal cost MC equals marginal revenue MR due to the ...View the full answer

Economics

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