Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

Revenue maximization is the new funding mechanism which is now being investigated or pursued, in one form or another, in at least 32 states. And while not necessarily the first state to embrace the ...

Unless you are a philanthropist running a nonprofit organization, your main motivation for being in business is to generate a healthy income. How you reach that objective, however, will depend on many ...

The revenue-maximizing price is the cost at which a business will make the most revenue for a given item. In order to find the price that will maximize revenue, a business must either experiment with ...

As a business owner, you know that the bottom line is key. No matter what industry your business is in, optimizing profit should be at the top of your priorities. Profit is essential to the success of ...

Over the last several years, many of our small-to-medium size clients have been trying to achieve greater profit maximization by fine tuning their full scale production facility. Each has endeavored ...

I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...

Last week on Forbes, I wrote “Why Business Owners Should Never Let Ego Stand In The Way Of Profits,” which focused on the importance of business owners not losing sight of what’s best for their ...