why-is-the-intersection-of-marginal-revenue-and-marginal-cost-important-in-deter

Question

Why is the intersection of marginal revenue and marginal cost important in determining the profit-maximizing quantity?

Accepted Answer

It indicates the quantity where profit is maximized.

Answer

It identifies the quantity where price equals average total cost.

Answer

It shows the quantity where costs are minimized.

Answer

It represents the point where demand equals supply.