Profit maximising output: Difference between revisions
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imported>Doug Williamson m (Expand for clarity.) |
imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
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* [[Marginal cost]] | * [[Marginal cost]] | ||
* [[Marginal revenue]] | * [[Marginal revenue]] | ||
* [[Profit maximisation]] | |||
Revision as of 14:25, 22 November 2014
The output level at which marginal cost equals marginal revenue.
This results in the firm's profits being maximised.
