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Discuss the excerpt below, and how it relates to the derivative? Profit is the distance between the TR and TC curve. If you experiment
Discuss the excerpt below, and how it relates to the derivative?
Profit is the distance between the TR and TC curve. " If you experiment with your clear plastic ruler, you'll see that the biggest profit occurs exactly when the tangent lines to the TR and TC curves are parallel. This is the rule "profit is maximized when MR = MC."
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