One key decision every business has to make is how much of its goods or services to make available to customers. Demand functions will give you a sense of how much revenue a business can bring in ...

With an increase in production, marginal revenues tend to decline for a given amount of consumer demand. It is believed that marginal revenue must equal marginal costs in order for economic profit to ...

What is shut down point in marginal costing? The shutdown point is the point at which a company's variable (marginal) costs equal its variable (marginal) revenue, or when the marginal profit becomes ...

Your business's marginal revenue is the extra money made if you produce one more unit of a product or service. Knowing the marginal revenue from increasing sales can help you decide if expansion is ...