refer to the diagram. if a firm produces output q1 at a unit cost of c, then the: group of answer choices firm is maximizing profits. marginal product per dollar's worth of each resource employed is not the same. firm is fulfilling the least-cost rule in employing resources. firm is operating in a purely competitive industry.

Respuesta :

The marginal product differs depending on how much of each resource is used per dollar. The correct answer is option (b).

What is profit maximization?

Profit maximization in economics refers to the short- or long-term process through which a business chooses the prices, input levels, and output levels that would provide the largest feasible total profit.

Profit maximization is a procedure that businesses go through to make sure the optimal levels of output and prices are realised in order to maximise their profits. In order to meet its profit goals, the corporation alters crucial factors including discount, manufacturing costs, and output levels. the practise of setting prices with the intention of maximizing revenue, profitability, or investment return in the short- to medium-term without taking a longer performance into account.

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