It is believed that marginal revenue must equal marginal costs in order for economic profit to exist. If average revenues fall, marginal revenue is less than average revenues. In other words, when ...

Under idealized market conditions, a perfectly competitive business will continue to produce additional output until marginal revenue is equal to the cost of producing an additional unit ...

Ideally, when marginal revenue and marginal cost are equal, it's time to find a way to increase revenue, and if you can't, halt production. Marginal revenue is really simple to calculate ...

The most basic profit maximization strategy is to compare a company's marginal revenue and marginal ... When Does Marginal Benefit Equal Marginal Cost? When marginal benefit equals marginal ...