Bookkeeping

Price, Marginal Cost, Marginal Revenue, Economic Profit, and the Elasticity of Demand CFA® Exam Study Notes

Performing a marginal cost analysis allows your company to maximize profits by ensuring you produce enough products to meet demand without overproducing. It also helps you price products high enough to cover your total cost of production. When considering production strategies, a business should factor in the marginal cost. If …

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