equal to marginal revenue
To determine the profit-maximizing output from a table, look for the quantity where the marginal revenue equals the marginal cost. This is the point where the firm maximizes its profit.
Its the level of production where marginal cost is equal to marginal revenue.
is producing where price exceeds marginal costs
The profit maximizing point on the graph for this business model is where the marginal revenue equals the marginal cost.
Where the marginal benefits equal marginal costs.
To determine the profit-maximizing output from a table, look for the quantity where the marginal revenue equals the marginal cost. This is the point where the firm maximizes its profit.
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
Its the level of production where marginal cost is equal to marginal revenue.
is producing where price exceeds marginal costs
The profit maximizing point on the graph for this business model is where the marginal revenue equals the marginal cost.
Where the marginal benefits equal marginal costs.
A company maximizes profits when marginal revenue equals marginal costs.
To maximise profits, the quantity of output reached (supply) must be lesser than the demand, increasing the value and consequently the price of a certain good or service.
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
Let the demand facing a firm for its product be expressed by the following functions Q=25-0.5P Where Q=quantity and P=price, and cost function as C=25-2Q+4Q2 Compute a) Profit maximizing output, b) Justify profit maximizing output
the point where the marginal cost curve intersects the marginal revenue curve
greater than average profit.