Total profit is maximized where
A)MR = MC.
B)marginal profit is zero.
C)the slope of the marginal profit curve is zero.
D)All of the responses are correct.

Question

Quizplus · Accepted Answer

All of the responses are correct. Maximizing total profit requires producing at a level where marginal revenue (MR) equals marginal cost (MC). At this level, marginal profit is zero, indicating that producing an additional unit would neither increase nor decrease total profit. Additionally, the slope of the marginal profit curve is zero at the profit maximizing level of output. Therefore, all of the responses listed are necessary conditions for maximizing total profit.

Total Profit Is Maximized Where