When the slope of the total revenue curve is equal to the slope of the total cost curve
A)profit is maximized.
B)marginal revenue equals marginal cost.
C)the marginal cost curve intersects the total average cost curve.
D)the total cost curve is at its minimum.
E)Both A and B

Question

Quizplus · Accepted Answer

When the slope of the total revenue curve is equal to the slope of the total cost curve, it indicates the point where marginal revenue equals marginal cost, which is the condition for profit maximization. This is a fundamental principle in economics for determining the optimal output level for firms.

When the Slope of the Total Revenue Curve Is Equal