Answer: Profit-maximizing output is the point at which marginal revenue and marginal cost are equal.
Explanation: In other words, profit-maximizing output is when <em>MR = MC.</em>
Answer:
It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.
Explanation:
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Answer:
I just had this for my hw lol
Explanation:
The Union had many advantages over the Confederacy. The North had a larg- er population than the South. The Union also had an industrial economy, where- as the Confederacy had an economy based on agriculture. The Union had most of the natural resources, like coal, iron, and gold, and also a well-developed rail system.
Answer:
The particularly severe winter of 1777-1778 proved to be a great trial for the American army, and of the 11,000 soldiers stationed at Valley Forge, hundreds died from disease. However, the suffering troops were held together by loyalty to the Patriot cause and to General Washington, who stayed with his men.
Explanation:
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