Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
shaerovira shaerovira
wrote...
Go to Answer
Posts: 488
Rep: 17 0
5 years ago
A perfectly competitive firm will maximize its profit at the level of output where the vertical distance between its total revenue curve and total cost curve is the largest. This is the same level of output where

• average total cost equals marginal revenue.

• marginal revenue equals marginal profit.

• marginal revenue equals marginal cost.

• marginal revenue equals average revenue.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
DryPhantomDryPhantom
wrote...
#1
Posts: 382
Rep: 62 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

shaerovira Author
wrote...

5 years ago
Thanks
kc123
wrote...

Yesterday
Smart ... Thanks!
ediblefruitz
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1058 People Browsing
 112 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 740
  
 302
  
 258
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Which country would you like to visit for its food?