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Karla Dupont
on Nov 30, 2024

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If the firm maximizes its profits,its marginal cost will be

A) $8.
B) $10.
C) $12.
D) $16.

Marginal Cost

is the cost incurred by producing one additional unit of a product or service.

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and expenses.

Firm

A business organization, such as a corporation or partnership, that sells goods or services in exchange for revenue.

  • Explicate the manner in which monopolies pinpoint the output and price that yields the maximal profit.
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Sarah NelsonDec 05, 2024
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