Marginal Revenue, Marginal Cost, and Profit Maximization
{"Image DocumentName": "Marginal Revenue, Marginal Cost, and Profit Maximization", "Image ImageDescription": "Comparing R(q) and C(q) Output levels: 0- q0: C(q)> R(q) Negative profit. FC + VC > R(q) MR > MC. Indicates higher profit at higher output. Cost, Revenue, Profit. ( s per year) C(q) A. B. R(q) q0. q  Output (units per year) 16.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}