_ C2-7c+6=c- C-1 - Gauthmath

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Math Resources/Calculus/

Question

The proft maximising output of a competitive firm is given as, MR=MC. This may also be written as; P=MC P=AC MR=P MR=ACSHOW LESS0

Solution

MR=PMR=P

Step 1: The profit-maximizing output is determined where MR=MC.

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