Why is the output at which marginal revenue equals marginal cost the maximum profit position?

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Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

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Question Posted: Mar 08, 2018 09:53 AM

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Why is the output at which marginal revenue equals marginal cost the maximum profit position?

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As long as marginal revenue exceeds marginal cost of producing additional units then ...View the full answer

Basic Economics

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