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.
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-38880.pdf
Comments
Leave a comment