How do I calculate marginal cost when I want to maximize profit?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
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পিজিটি(মেডিসিন)
Your calculation remains the same. To find the marginal cost, you would divide the total change in cost by the total change in quantity. Do this for several intervals, and then compare them. The interval with the lowest marginal cost is the production level at which you would maximize profit. In a graph depiction, the lowest marginal cost would be the trough, or lowest point, of your cost curve.
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