MR=MC The Profit Maximization Rule

The firm will produce as long as MR exceeds MC. The firm maximizes profits if production continues until MR equals MC. Of course, the firm should not produce past this point, because after that point MC will exceed MR (if MC is upward sloping and MR is horizontal or downward sloping). This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.

[gfzztxk]

You have taught me a thing in minutes, which my econ professors couldn't during the whole semester

[tannahmutune]

That was very helpful..thank you so much

[shaaly]

Now i understand how to look at these graph. Thanks

[Ana-Nas]

Wow, one of the best economics videos; I did not realize I should draw the vertical lines up to the lines... wow

[raniavlachou]

thank you very much, great explanation

[mahekahuja]

Technically a firm should earn more profit if MR is greater than MC because when MC = MR it should be no profit no loss situation? But according to our textbooks when MR=MC the profit is maximum
I need help understanding it