To maximize the profits of a firm , the only condition needed is equality between marginal cost and marginal revenue.

To maximize the profits of a firm , the only condition needed is equal

1.	To maximize the profits of a firm , the only condition needed is equality between marginal cost and marginal revenue.
Answer» Solution :PROFITS are maximized when two conditions are SATISFIED : (i) Marginal cost (MC) is equal to marginal REVENUE (MR) , and (ii) MC curve cuts the MR curve from below.