Business owners, managers, and aspiring entrepreneurs need to know the best form

Business owners, managers, and aspiring entrepreneurs need to know the best form of business organization to select based on various considerations, including taxes, liability, capital contributions, sharing of profits and losses, management and control, and survivorship.Task:Write an essay (suggested length of 1–3 pages) that explains the relationship between marginal revenue and marginal cost, and the importance of these concepts for profit maximization in which you do the following: A. Define marginal revenue.1. Explain its relationship with total revenue.B. Define marginal cost.1. Explain its relationship with total cost.C. Define profit.1. Explain the concept of profit maximization.D. Explain how a profit-maximizing firm determines its optimal level of output, using marginal revenue and marginal cost as criteria.E. Explain what action a profit-maximizing firm takes if marginal revenue is greater than marginal cost.F. Explain what action a profit-maximizing firm takes if marginal revenue is less than marginal cost.

QUALITY: 100% ORIGINAL PAPERNO PLAGIARISM - CUSTOM PAPER

Recent Completed and delivered Papers

# Topic title Subject Area Academic Level Pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min