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Both in the short run and in the long run, a firm maximizes its profits when?
Classroom
Economics Classroom
Jamb
Jamb 1995
Theory Of Costs And Revenue
Short-run And Long-run Costs
More Topics
Both in the short run and in the long run, a firm maximizes its profits when?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
MC = MR
B
AC = MC
C
AVC = AC
D
MC = AVC
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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Accounts - Principles of Accounts
Animal Husbandry
Aptitude Test
Agricultural Science
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Block laying, bricklaying, and concreting work
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