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 ...
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Marginal Benefit vs. Marginal Cost: What's the Difference?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 ...
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