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Profit maximization (view source)
Revision as of 13:07, December 15, 2008
, 13:07, December 15, 2008New page: Profit maximization is the goal of almost all firms. There is only one point in production when profit is maximized and it occurs when the Marginal Benefit equates the Marginal Cost. Cer...
Profit maximization is the goal of almost all firms. There is only one point in production when profit is maximized and it occurs when the Marginal Benefit equates the Marginal Cost.
Certain firms may have other agendas to consider besides profit maximization. One example, is sales.
[[Category: Economics]]
Certain firms may have other agendas to consider besides profit maximization. One example, is sales.
[[Category: Economics]]