Why is the point of profit maximization where marginal cost equals marginal revenue?

Question:

Why is the point of profit maximization where marginal cost equals marginal revenue?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

Question Posted: