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Profit maximization (view source)
Revision as of 16:24, December 31, 2008
, 16:24, December 31, 2008link, bold
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 Revenue equates the Marginal Cost.
'''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 Revenue equates the Marginal Cost.
Certain firms may have other agendas to consider besides profit maximization. One example, is sales.
Certain firms may have other agendas to consider besides profit maximization. One example, is sales.
[[Category: Economics]]
[[Category: Economics]]