(Answered) Maximum production or yield is not the same as maximum profit.TrueFalseMaximum production or yield…

➤ When can maximum production equal maximum profit?
Maximum production and maximum profit align when marginal cost stays below or equal to marginal revenue up to capacity and prices do not decline with output. This occurs with constant returns to scale, negligible variable costs per unit, or when demand is perfectly inelastic at the market price across capacity.