since a company seeking to maximize profits will produce until its marginal cost equals its marginal revenue. In excess of that point, it will be more expensive to produce an additional unit. It is ...

Suppliers will keep producing as long as they can sell the good for a price that exceeds their cost of making one more (the marginal cost of production ... Demand and supply curves can be charted on a ...

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 ...