Asked by Jenny Mclin on Apr 25, 2024
At the profit-maximizing level of output, marginal profit
A) is also maximized.
B) is zero.
C) is positive.
D) is increasing.
E) may be positive, negative or zero.
Marginal Profit
The additional profit that is generated by increasing product sales by one unit.
Profit-Maximizing Level
The output level at which a firm achieves the highest possible profit, where marginal cost equals marginal revenue.
- Acquire knowledge about the decision-making processes for maximizing profits in enterprises.
Learning Objectives
- Acquire knowledge about the decision-making processes for maximizing profits in enterprises.