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How far it is correct to …

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How far it is correct to say that profit maximized when marginal cost is equal to marginal revenue

    • Posted by Stuti Joseph 6 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Manav Tiwari 6 years, 11 months ago

    It is correct to say that profit is maximised when MV=MR but there is one more condition is to be fulfilled that is MC is greater than MR after the point MC=MR. MC cuts MR from its base.

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