Firms apply marginal analysis to maximize the following production goal:

Name: Firms apply marginal analysis to maximize the following production goal:
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Firms apply marginal analysis to maximize profit by comparing the additional costs of producing one more unit of a good or service to the additional revenue generated from selling that unit. This helps in determining the optimal level of production where marginal cost equals marginal revenue, thereby maximizing profits.

Firms Apply Marginal Analysis to Maximize the Following Production Goal