Demand and Supply MCQs

Which is the first-order condition for the profit of a firm to be maximum?

September 27, 2022

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Which is the first-order condition for the profit of a firm to be maximum?

Q. Which is the first-order condition for the profit of a firm to be maximum?

AC = MR
MC = MR
MR = AR
AC = AR

Answer: MC = MR

Which is the first-order condition for the profit of a firm to be maximum?

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