When Marginal Cost is below Marginal Revenue, profit is increasing. When Marginal Cost is above Marginal Revenue, profit is decreasing. Since the goal of firms is to maximise profit, they should produce at a level where the MR of producing another unit is equal to the Marginal Cost of producing another unit. Firms should keep producing until this point because there is a hidden profit in MC. This is because we are not taking into account the Accounting profit.
Marginal revenue and marginal cost are equal, any other output level will result in reduced profit.
To maximize profit or minimize loss, a firm should produce the quantity at which marginal revenue equals marginal cost; this rule holds for all market structures
Marginal net benefits= Marginal benefit- Marginal cost
Marginal cost is
The optimal level of output is where marginal costs = marginal damages.
Marginal revenue and marginal cost are equal, any other output level will result in reduced profit.
To maximize profit or minimize loss, a firm should produce the quantity at which marginal revenue equals marginal cost; this rule holds for all market structures
It is certainly not essential for good health. It may have some marginal impact but not using it would not be detrimental
Marginal net benefits= Marginal benefit- Marginal cost
Parietal
Marginal cost is
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
The optimal level of output is where marginal costs = marginal damages.
Marginal net benefits= Marginal benefit- Marginal cost
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
In regards to marginal vs. non-marginal syndesmophytes. Marginal syndesmophytes (intervertebral bony bony bridges) are more commonly seen in ankylosing spondylitis. Where as non-marginal syndesmophytes are more commonly in reactive arthritis and DISH. Marginal syndesmophytes are delicate + symmetric; while non-marginal syndesmophytes are bulky + discontinuous.
when marginal benefit is equal to marginal cost To be more specific: When the marginal damage cost of polluting is equal to the marginal abatement cost of polluting (or the marginal benefit of polluting, which is equivalent to the MAC)