7 3 Costs in the Short Run Principles of Economics 3e
When, on the other hand, the marginal revenue is greater than the marginal cost, the company is not producing enough goods and should increase its output until profit is maximized. For any given amount of consumer demand, marginal revenue tends to decrease as production increases. In equilibrium, marginal revenue http://www.dpstroy.ru/contacts.html equals marginal costs; there is …
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