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Explain intuitively why the slope of revenue function is same as the slope of cost function at the quantity where profit is maximized. Note, this
Explain intuitively why the slope of revenue function is same as the slope of cost function at the quantity where profit is maximized. Note, this is also shown in 2.8, where the slope of the total cost is same (parallel to) as the slope of (black tangent on) the revenue function. Below, one can see profit is at its peak and slope of the profit curve (black tangent of the profit curve) is zero (horizontal)
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