Which is the first-order condition for the profit of a firm to be maximum? Options: A . &nbspAC=MR B . &nbspMC=MR C . &nbspMR=AR D . &nbspAC=AR

Which is the first-order condition for the profit of a firm to be maximum?

Question

Which is the first-order condition for the profit of a firm to be maximum?

Options:

A . AC=MR

B . MC=MR

C . MR=AR

D . AC=AR

Answer: Option B

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