Profit maximising output: Difference between revisions
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imported>Doug Williamson m (Expand for clarity.) |
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* [[Marginal cost]] | * [[Marginal cost]] | ||
* [[Marginal revenue]] | * [[Marginal revenue]] | ||
* [[Profit maximisation]] | |||
[[Category:Financial_management]] | |||
[[Category:Planning_and_projects]] | |||
Latest revision as of 12:15, 23 November 2014
The output level at which marginal cost equals marginal revenue.
This results in the firm's profits being maximised.
