Profit maximising output: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Expand for clarity.) |
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The output level at which marginal cost equals marginal revenue. | The output level at which marginal cost equals marginal revenue. | ||
This results in the firm's profits being maximised. | |||
== See also == | == See also == | ||
* [[Marginal cost]] | * [[Marginal cost]] | ||
* [[Marginal revenue]] | * [[Marginal revenue]] | ||
Revision as of 14:51, 6 September 2014
The output level at which marginal cost equals marginal revenue.
This results in the firm's profits being maximised.
