Maximizing Profit with Marginal Revenue and Marginal Cost - For Dummies

Maximizing Profit with Marginal Revenue and Marginal Cost - For Dummies

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日期:2024-05-13
Profit equals total revenue minus total cost. Given businesses want to maximize profit, they should keep producing more output as long as an additional unit adds more to revenue than it adds to cost. Economists call the added revenue marginal revenue and ...看更多