English
New Course
Concept
Optimal Output
Follow
0
Summary
Optimal output is the level of production where a firm maximizes its profits by equating marginal cost and marginal revenue. It reflects the most efficient allocation of resources where the firm’s cost structure aligns perfectly with market demand.
Concepts
Marginal Cost
Marginal Revenue
Profit Maximization
Efficient Resource Allocation
Production Theory
Cost Structure
Market Demand
Short-Run Average Cost
Relevant Degrees
Economic Planning and Policy 60%
Operational Research 20%
Economic Theory and Concepts 20%
Start Learning Journey
Generate Assignment Link
Lessons
Concepts
Suggested Topics
Foundational Courses
Activity
Your Lessons
Your lessons will appear here when you're logged in.
Log In
Sign up