Sydney Clayton
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Sydney Clayton 11/01/19 Principles of Microeconomics Econ212-1904A-09
- Because if you include implicit cos into the equation you can already anticipate if you are going to take a loss thus you will prepare so you will try to make up the loss before it even happens.
- Because as the price continues to increase the quantity is not demanded as much.
- Because you will not be taking any losses on products. If MCMR then you are making too much product and not selling enough. If MCMR then you are not making enough product to profit off of, which is why MCMR is the best option for maximum profit.
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Published On:
01/22/2020
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