When the slope of the total revenue curve is equal to the slope of the
When the slope of the total revenue curve is equal to the slope of the total cost curve
A) profit is maximized.
B) marginal revenue equals marginal cost.
C) the marginal cost curve intersects the total average cost curve.
D) the total cost curve is at its minimum.
E) Both A and B
ANSWER
E
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.