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.
d
Economics
You might also like to view...
Comment on the following statement: "For a monopolist, marginal revenue is always equal to price."
What will be an ideal response?
Economics
An auto-insurance company introduces an anti-theft device that records how well the customer has secured his car. If the driver locks his car with the monitored lock every day, the rates go down. The company is trying to solve a __________problem
a. Adverse selection b. Moral hazard c. Forced bankruptcy d. None of the above
Economics