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Marginal Cost and Marginal Revenue. $. C’ < R’. R’ = C’. R’ > C’. R. R’ > C’. R’ > C’. C. C. R. Maximum Profit R’ = C’. C > R, Loss. C > R, Loss. R > C, Profit. $. R. C. C. Max Profit, P’ =0 then R’ = C’. R. P=R-C. Break Even, P =0 then R = C. Cost, Revenue and Profit.
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Marginal Cost and Marginal Revenue $ C’ < R’ R’ = C’ R’ > C’ R R’ > C’ R’ > C’ C C R Maximum ProfitR’ = C’ C > R, Loss C > R, Loss R > C, Profit
$ R C C Max Profit, P’ =0 then R’ = C’ R P=R-C Break Even, P =0 then R = C Cost, Revenue and Profit R > C, Profit C > R, Loss C > R, Loss