the point of maximum profit is the point at which the marginal cost equals the\nmarginal revenue.\nmarket…
the point of maximum profit is the point at which the marginal cost equals the\nmarginal revenue.\nmarket price.\ntotal revenue.\nproduction cost.
Answer
Brief Explanations:
In economics, profit - maximization occurs when marginal cost (MC) equals marginal revenue (MR). When MC < MR, increasing production adds more to revenue than to cost, increasing profit. When MC > MR, reducing production will increase profit. So the point of maximum profit is where MC = MR.
Answer:
marginal revenue.