Exam Question
“For a firm to maximize it’s profit, the level of output should reach at following two marginals:”
- 1. MC=MR; Slope of MR
- 2. MC>MR; Slope of MR= Slope of MC
- 3. MC=MR; Slope of MR= Slope of MC
- 4. MC Slope of MC
View Answer
Answer 1. MC=MR; Slope of MR
Practice set and Exam Quiz
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