Question 44
MediumOriginal questionAt the profit-maximising output, a firm's MR is ₹40. Which must be true?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Profit is maximised where MC = MR with MC rising.
AC and the size of profit are not fixed by this condition.
- Concept
- What the MC = MR rule implies
- Typical timeTypical
- 70 s
- Your timeYours
- —
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