At the profit-maximizing level of output,which equation is correct

Question

Quizplus · Accepted Answer

The profit-maximizing level of output occurs where marginal revenue (MR) is equal to marginal cost (MC). This is because at this point, the last unit produced generates as much revenue as it costs to produce. Therefore, option C is correct. Options A and D are incorrect because they do not involve the concept of marginal cost, which is crucial to determining the profit-maximizing level of output. Option B is incorrect because it only includes average variable cost, which is not relevant to determining profit maximization.

At the Profit-Maximizing Level of Output,which Equation Is Correct