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 above are correct.

Question

Quizplus · Accepted Answer

Total profit is maximized where marginal revenue equals marginal cost (MR = MC), which is also where marginal profit is zero. Additionally, the slope of the marginal profit curve being zero indicates that marginal profit is neither increasing nor decreasing, aligning with the conditions for profit maximization.

Total Profit Is Maximized Where