Organizations marginal costs and revenue

Reference no: EM1370246

The economics student knows that the profit maximizing manager will produce the quantity where marginal revenue equals marginal cost (a J-shaped curve which reflects a different marginal cost at every quantity). The manager knows that organizations estimate marginal costs that are constant over a range of quantity levels. How can the manager approximate the marginal revenue equals marginal cost rule to maximize profit?

Reference no: EM1370246

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