How does a manufacturer set his or her total output to maximize profit?

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asked Aug 20, 2020 27.0k views

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Tom Raganowicz · Answer 1 · 2020-08-26T07:15:27+0000

A manufacturer would need to find the production quantity where the marginal rate of return equals marginal costs (this is called the equilibrium point). This would be the point where profits are maximized.

How does a manufacturer set his or her total output to maximize profit?

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