When considering marginal revenue versus marginal costs, marketers must ensure that.

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01-04-2022
Business

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When considering marginal revenue versus marginal costs, marketers must ensure that.

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ayfat23 ayfat23 · Answer 1 · 2022-04-07T09:55:17+02:00

It should be noted that when considering marginal revenue versus marginal costs, marketers must ensure that marginal revenue exceeds marginal costs.

What is marginal revenue and marginal costs?

The marginal cost of production serves as the change in total cost that is bern incured as a result of making or producing one additional item.

Marginal revenue (MR) on the other hand serves as the incremental entity.

However, In equilibrium, marginal revenue equals marginal costs.

Learn more about marginal revenue at;

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