Question

Which of these arguments did you include in your response? Check all that apply.

Profit is maximized when marginal revenue equals marginal cost.
Profit is maximized when five or six bikes are made each day.
Profit declines when more than six bikes are produced each day.

Answer 1

What is your response? I can’t give you any help without it.

If this is on Edgеnuity then just check what you wrote about. There’s no wrong answer.

Hope this helps.

Answer 2

The best arguments is that Profit is maximized when marginal revenue equals marginal cost.

What is Marginal revenue and marginal cost?

Marginal revenue serves as the increase in revenue which is due to from the sale of one additional unit of output.

The marginal cost of production on the other hand is change in total production cost .

Therefore, the best argument is that Profit is maximized when marginal revenue equals marginal cost.

Learn more about marginal cist and revenue at,:

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