Question

STEP 3 Briefly describe what the profit maximisation rule ​

Answer 1

Nsdldldodppdpdpdpldllflxl

Answer 2

The Profit Maximization Rule states that if a firm chooses to maximize its profits, it must choose that level of output where Marginal Cost (MC) is equal to Marginal Revenue (MR) and the Marginal Cost curve is rising.