Question
Let P(x,y) be any profit function. Show that when the average profit is maximized, the marginal profits Px and Py both equal the average profit.
Let P(x,y) be any profit function. Show that when the average profit is maximized, the marginal profits Px and Py both equal the average profit. Explain why this is reasonable
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
