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The firm takes the price (MR) as given, and set MR=MC to Keep going! the next lesson and practice what you're learning: ...

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Optimal point on budget line | Microeconomics | Khan Academy Net Worth
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Finding optimal quantity for given utility function
Socially efficient and inefficient outcomes

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Last Updated: June 16, 2026

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Consumer Optimization

We live in a world of scarcity. In other words, what we want outweighs what we can attain. Why? Well, we have limited...