At the output level that maximises profit

MATHEMATICS · Single correct · AP · Calculus AB · Analytical Applications of Differentiation · Analytical Applications of Differentiation

Problem

At the output level that maximises profit, which one of the following equalities must hold, provided the profit function is differentiable? (a)

AR = AC

(b)

MR = 0

(c)

MR = MC

(d)

TR = TC