Which of the following conditions must hold to ensure that profits are, in fact, at a...

Which of the following conditions must hold to ensure that profits are, in fact, at a maximum?

		d(MC(Q))/dQ < 0
		d(MC(Q))/dQ > 0
		d(MC(Q))/dQ > 0 and d ²π(Q)/dQ ² < 0
		d ²π(Q)/dQ ² < 0

Expert Solution

Answer = correct option is C

d(MC(Q))/dQ>0 and d²d2π(Q)/dQ²dQ2<0

This is the condition that must hold to ensure that profits are in fact at a maximum

Rahul Sunny answered 2 years ago

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