Following the MC = MR rule to profit maximization tells us how much profit can be made.

Name: Following the MC = MR rule to profit maximization tells us how much profit can be made.
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Quizplus · Accepted Answer

The MC = MR rule helps determine the quantity of output at which profit is maximized, but it does not directly tell us how much profit can be made. Profit calculation requires additional information on total costs and total revenue.

Following the MC = MR Rule to Profit Maximization Tells