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Mathematics
Mathematics
Problem
At the output level that maximises profit, which one of the following equalities must hold, provided the profit function is differentiable? a)
A
R
=
A
C
AR = AC
A
R
=
A
C
b)
M
R
=
0
MR = 0
M
R
=
0
c)
M
R
=
M
C
MR = MC
M
R
=
M
C
d)
T
R
=
T
C
TR = TC
T
R
=
T
C
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