When marginal revenue equals marginal cost, the change in profit is zero, so a firm is at the top of the profit hill. The change in a firm’s profit is equal to the change in revenue minus the change in cost-that is, the change in profit is marginal revenue minus marginal cost. When a firm changes its price, this leads to changes in revenues and costs. zip file containing this book to use offline, simply click here.įigure 6.16 Changes in Revenues and Costs Lead to Changes in Profits You can browse or download additional books there. More information is available on this project's attribution page.įor more information on the source of this book, or why it is available for free, please see the project's home page. Additionally, per the publisher's request, their name has been removed in some passages. However, the publisher has asked for the customary Creative Commons attribution to the original publisher, authors, title, and book URI to be removed. Normally, the author and publisher would be credited here. This content was accessible as of December 29, 2012, and it was downloaded then by Andy Schmitz in an effort to preserve the availability of this book. See the license for more details, but that basically means you can share this book as long as you credit the author (but see below), don't make money from it, and do make it available to everyone else under the same terms. This book is licensed under a Creative Commons by-nc-sa 3.0 license.
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