Profit is maximized.
At the output level at which the slopes of the total revenue and total cost curves are equal, provided the firm is covering its variable cost
profit is maximized
To minimize cost in order to maximized profit.
the price at which the profit is maximized
By increasing revenues or the cost of the assets.
Negative
mp = 0
yes
yes
a. monopoly 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
Unit elastic