20.8k views
0 votes
Explain how businesses determine their profit maximization output. (1-2 sentences)

User BaronS
by
7.8k points

1 Answer

3 votes
the purpose of businesses is to determine their profit maximization which is always thinking at margin. profit maximization is a process by which a firm determines the price and output level that returns the greatest profit.

hope this help
User Fiach Reid
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.