Marginal Profit

In microeconomics, marginal profit is the term used to refer to the difference between the marginal cost and the marginal revenue for producing one additional unit of production. Under the marginal approach to profit maximization, to maximize profits, a firm should continue to produce a good or service until marginal profit is zero.

This article related to microeconomics is a stub. You can help Wikipedia by expanding it.

Famous quotes containing the words marginal and/or profit:

    Of course I’m a black writer.... I’m not just a black writer, but categories like black writer, woman writer and Latin American writer aren’t marginal anymore. We have to acknowledge that the thing we call “literature” is more pluralistic now, just as society ought to be. The melting pot never worked. We ought to be able to accept on equal terms everybody from the Hassidim to Walter Lippmann, from the Rastafarians to Ralph Bunche.
    Toni Morrison (b. 1931)

    ... when you make it a moral necessity for the young to dabble in all the subjects that the books on the top shelf are written about, you kill two very large birds with one stone: you satisfy precious curiosities, and you make them believe that they know as much about life as people who really know something. If college boys are solemnly advised to listen to lectures on prostitution, they will listen; and who is to blame if some time, in a less moral moment, they profit by their information?
    Katharine Fullerton Gerould (1879–1944)