Marginal Cost and Marginal Revenue
Marginal Cost and Marginal Revenue. $. C’ < R’. R’ = C’. R’ > C’. R. R’ > C’. R’ > C’. C. C. R. Maximum Profit R’ = C’. C > R, Loss. C > R, Loss. R > C, Profit. $. R. C. C. Max Profit, P’ =0 then R’ = C’. R. P=R-C. Break Even, P =0 then R = C. Cost, Revenue and Profit.
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