Question 72
MediumOriginal questionFor units, revenue is and cost is rupees. At what output does marginal revenue equal marginal cost?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
and .
gives : the output of greatest profit.
Worth noting
25 units sets , which maximises revenue, not profit.
- Concept
- Conditions for the best output
- Typical timeTypical
- 90 s
- Your timeYours
- —
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