From the profit maximization perspective under which, Ask an Expert

Economics

From the profit maximization perspective, under which condition does it make sense to expand the level of output in the short-run?

A. when the marginal cost exceeds the marginal revenue

B. when the marginal cost is equal to the marginal revenue

C. when the marginal cost is less than the marginal revenue

D. none of the above as the marginal cost to marginal revenue comparison has nothing to do with profit maximization

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91402988

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