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28 Nov 2020
The marginal cost - marginal benefit rule states that:
a. Private firms cannot operate efficiently
b. Total cost must be equal to total revenue at all levels of output
c. The optimal level of output is where marginal cost equates to marginal benefit
d. Both the marginal cost and marginal benefits must be minimum
The marginal cost - marginal benefit rule states that:
a. Private firms cannot operate efficiently
b. Total cost must be equal to total revenue at all levels of output
c. The optimal level of output is where marginal cost equates to marginal benefit
d. Both the marginal cost and marginal benefits must be minimum
Yusra AneesLv10
30 Dec 2020
