How to calculate marginal costs | Seth David @Nerd Enterprises, Inc.
Learn more about marginal costs: https://intuit.me/38TTa9n
As your business expands, understanding your production cost is key to finding the optimal profit margin to sustain sales and revenue increases. In this video, Seth David (@Nerd Enterprises, Inc.) defines what marginal cost is, how to calculate it, and how to pair it with your marginal revenue to determine the best production or pricing strategy.
00:00 - Introduction
00:40 - What is marginal cost?
01:23 - How to calculate marginal costs
01:33 - What is marginal revenue?
01:57 - How to calculate marginal revenue
02:12 - How to use marginal costs for business insights
Check out more from the Run Your Business series: https://intuit.me/3yJVudx
QuickBooks Online Advanced: https://intuit.me/3DHwXtj
Subscribe to our YouTube channel: https://intuit.me/3bOj0M2
Visit QuickBooks.com: https://intuit.me/QBO
The world’s largest workforce works for themselves. We work for them by providing smarter business tools. QuickBooks #BackingYou.
#QuickBooks #RunYourBusiness
This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
Click for the latest updates...