At a profit-maximizing output level,
A)marginal revenue minus marginal cost equals zero.
B)marginal profit equals zero.
C)the slope of the total profit curve is zero.
D)All of the above are true.

Question

Quizplus · Accepted Answer

At a profit-maximizing output level, marginal revenue equals marginal cost (A), which implies marginal profit is zero (B), and the slope of the total profit curve is zero (C). Therefore, all statements are true.

At a Profit-Maximizing Output Level