Home
Class 11
ECONOMICS
Is it enough to say that profit is maxim...

Is it enough to say that profit is maximized when MC=MR?

Text Solution

Verified by Experts

The correct Answer is:
N/a
No, along with MC=MR, another necessary condition is that MC should be rising .
Promotional Banner

Topper's Solved these Questions

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Unsolved Practicals|12 Videos

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision|13 Videos

  • PRICE DETERMINATION AND SIMPLE APPLICATIONS

    SANDEEP GARG|Exercise Long Answer Type Questions|28 Videos

  • PRODUCTION FUNCTION

    SANDEEP GARG|Exercise Practicals on TP, AP and MP|14 Videos

Similar Questions

Explore conceptually related problems

The net profit will be maximised when __________ .

The average product of labour is maximized when marginal product of labour:

The following table shows the total revenue and total cost schedules of a competitive firm. Calculate the profit at each level of output. Find the profit maximizing level of output.