The profit maximizing volume is the quantities at which marginal cost equals price.

Name: The profit maximizing volume is the quantities at which marginal cost equals price.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

The profit maximizing volume is achieved when the marginal cost equals the price, as this is the point where the firm is no longer increasing its costs by producing one more unit, and the revenue earned from selling that unit is equal to the cost of producing it.

The Profit Maximizing Volume Is the Quantities at Which Marginal