Sunday, October 4, 2015

65. MBA Answer Q4

The profit-maximizing quantity and price are the same whether you maximize the difference between total revenue and total cost or set marginal revenue equal to marginal cost. From http://www.dummies.com/how-to/content/how-to-calculate-maximum-profit-in-a-monopoly.html The actual answer: https://sites.google.com/site/economicssa123/mba-answer-q4

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