Answer to Question #38880 in Microeconomics for ash

Question #38880
Using marginal analyses, explain why the output which maximizes the total revenue of a firm must exceed the output which maximizes the total profits of a firm. Provide a single graph of a typical total revenue and a typical total profit function to illustrate your answer.
1
Expert's answer
2014-02-05T12:56:24-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/homework-answers/economics-answer-38880.pdf

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS