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Profit is maximum when

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Economics
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Profit is maximum when

Answer & Solution
Correct Answer: Option B
Profit is maximum when Slope of TC and TR is the same. To obtain the profit maximizing output quantity, we start by recognizing that profit is equal to total revenue (TR) minus total cost (TC).
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Dinesh Kundu
Dinesh Kundu 9 years ago
Answer should be a
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