Marginal revenue measures extra income from producing one more unit. Compare marginal revenue and cost to decide on production adjustments. Track marginal revenue changes to set optimal production ...

The most basic profit maximization strategy is to compare a company's marginal revenue and marginal cost. If the company can sell one additional good for more than the cost of that incremental ...

companies should produce additional units until the marginal cost of production equals marginal revenue, at which point revenue is maximized. There are three main components that make up total ...

Many times I will get a farmer to ask me what their marginal tax bracket is. But they also want to know what the average rate they paid on their total income. These are two different numbers.