Answer;
-Marginal revenue
The point of maximum profit is the point at which the marginal cost equals the Marginal Revenue.
Explanation;
-The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits.
-Marginal revenue measures the change in the revenue when one additional unit of a product is sold. The marginal revenue is calculated by dividing the change in the total revenue by the change in the quantity. MR = dTR/dQ.
-When marginal revenue and the marginal cost of production are equal, profit is maximized at that level of output and price. In terms of calculus, the relationship is stated as: ΔTR/ΔQ = ΔTC/dQ.
