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Short run costs and revenues – finding profit maximisation

Level:
A-Level, BTEC National, BTEC Tech Award, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 27 Sept 2019

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Here is a quick recap video using a numerical example of how to find the level of output in the short run for a business that maximises total profit. Profits are maximised when marginal revenue = marginal cost.

Short run costs and revenues – finding profit maximisation
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