What is the formula for profit-maximising conditions.

What is the formula for profit-maximising conditions.

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This implies that at the optimum point of profit maximisation, marginal cost (MC) must intersect the marginal revenue (MR) from below as shown in the above diagram

Conclusion

Maximum profit occurs where the first- and second-order conditions are satisfied.

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marto answered the question on April 17, 2019 at 05:32

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