The profit-maximizing principle of marginal analysis says, Ask an Expert

Economics

The profit-maximizing principle of marginal analysis says that firms maximize profits by choosing output such that:

marginal benefit (or revenue) is greater than or equal to marginal cost.

total benefit (or revenue) equals total cost.

price equals the minimum of the average variable cost.

marginal revenue equals average cost.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91755865

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