The point at which marginal cost and marginal revenue are equal always results in:
a. maximization of elasticity.
b. maximization of revenue.
c. maximization of costs.
d. maximization of profits.
e. break-even equilibrium.
ANSWER: d
The point at which marginal cost and marginal revenue are equal always results in:
a. maximization of elasticity.
b. maximization of revenue.
c. maximization of costs.
d. maximization of profits.
e. break-even equilibrium.
ANSWER: d