If a firm is maximizing profit their marginal cost curve will also be their supply curve.

Question

Quizplus · Accepted Answer

If a firm is maximizing profit, they will produce at the point where marginal cost equals marginal revenue. This point will also be the point where the marginal cost curve intersects with the marginal revenue curve, which will be the same point where the marginal cost curve intersects with the firm's supply curve. Therefore, the marginal cost curve will also be the supply curve for the firm when they are maximizing their profit.

If a Firm Is Maximizing Profit Their Marginal Cost Curve