Economics A Level (DONEEEEEEE): What is the Profit Maximising Point? Explain using MR and MC

Question

What is the Profit Maximising Point? Explain using MR and MC

eric_galvao · Accepted Answer

-When MR > MC then the Firm should Keep Producing More. The Revenue made is Greater than the Cost of Production
-When MR < MC then the Firm should Decrease Production. The opposite Occurs
-MC = MR is the Profit Max Output.

Economics A Level (DONEEEEEEE)

What is the Profit Maximising Point? Explain using MR and MC

-When MR > MC then the Firm should Keep Producing More. The Revenue made is Greater than the Cost of Production -When MR < MC then the Firm should Decrease Production. The opposite Occurs -MC = MR is the Profit Max Output.

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