1. Education
You can opt-out at any time. Please refer to our privacy policy for contact information.

The Costs of Production

By

1 of 8

Profit Maximiztion
Since the general goal of companies is to maximize profit, it's important to understand the components of profit. On one side, firms have revenue, which is the amount of money that it brings in from sales. On the other side, firms have the costs of production. Let's examine different measures of production cost.

©2014 About.com. All rights reserved.