If marginal costs are relevant for specific situation or
specific decision making scenario then marginal costs are relevant
costs otherwise marginal costs can be irrelevant.
If marginal costs are relevant for specific situation or
specific decision making scenario then marginal costs are relevant
costs otherwise marginal costs can be irrelevant.
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One is able to learn about marginal costs at several different
places online, such as at the following websites: the Wikipedia
Marginal Costs webpage, Marginal Cost, and Margins.
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Profits will be maximized when marginal revenue is equal to
marginal costs. This will only happen in cases where there are
fixed costs.
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Rational Decision making occurs when marginal benefits of an
action exceed the marginal costs