BlueGhirahim BlueGhirahim

01-03-2019
Business

contestada

Explain how firms determine price and output through marginal cost analysis.

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Аноним Аноним

01-03-2019

according to lumenlearning.com

it states that...

"Profit maximization is the short run or long run process by which a firm determines the price and output level that will result in the largest profit. Firms will produce up until the point that marginal cost equals marginal revenue."

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