Explore BrainMass

Profit-maximizing Equilibrium

Under profit-maximizing equilibrium, which of the following will not be equal to the other three?

a) the marginal revenue product of input X.
b) The price of input X.
c) the marginal cost of input X.
d) the marginal product of input X.
e) all will be equal.

Solution Summary

The solution answers the question(s) below.