Q:

Why does the profit-maximizing level of production occur at the point where marginal revenue equals marginal cost

Answer

For each unit sold, marginal profit equals marginal revenue minus marginal cost. Thanks for using ChaCha!

Categorized In: Finance & Economy

Source: Kids.Net.Au - Encyclopedia Profit maximization | encyclopedia.kids.net.au

Description: For each unit sold, marginal profit equals marginal revenue minus marginal cost.

Nov 07, 10:36pm

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