Profit Maximization
Adjust the parameters for revenue and cost to find the profit-maximizing quantity. The optimal quantity (Q*) is found where Marginal Revenue (MR) equals Marginal Cost (MC), which corresponds to the peak of the profit curve.
Profit Maximization
Adjust the parameters for revenue and cost to find the profit-maximizing quantity. The optimal quantity (Q*) is found where Marginal Revenue (MR) equals Marginal Cost (MC), which corresponds to the peak of the profit curve.