Which two curves tell you whether or not you've achieved maximum profit?
A) P and MR
B) MR and MC
C) MC and TC
D) P and AVC
E) AVC and ATC

Question

Quizplus · Accepted Answer

The MR (Marginal Revenue) and MC (Marginal Cost) curves are essential for determining the point of maximum profit. When MR equals MC, it indicates that any additional unit produced will not add to the overall profit, thus identifying the profit-maximizing level of output.

Which Two Curves Tell You Whether or Not You've Achieved