True or False ..If Total Profits are maximized, the marginal profits is zero.?

True or False ..If Total Profits are maximized, the marginal profits is zero.





Explain pleaseTrue or False ..If Total Profits are maximized, the marginal profits is zero.?
It depends on the market you are describing.





For a perfectly competitive market: price=marginal revenue=marginal cost.





Economic profits in this market are zero in the long run. In the short run, a firm may see small economic profits but since there are no barriers to enter the market, another company will enter itself into the market, supply increases will drive economic profit back to zero.





In this scenario, profits are maximized. So, True.





If you are talking about a monopolistic market though, the answer would be false.True or False ..If Total Profits are maximized, the marginal profits is zero.?
True





Regardless of market structure, profits are maximized at mc=mr. Since marginal costs equal marginal revenue, the marginal profits are zero. At any other level, profits are not maximized; they can be increased by changing the output level.





This happens to equal the market price only in pure competition, but mc=mr maximizes profits in any market structure.
False, anyhow if total profit is increased then marginal profit will have any percentage.