We know this intuitively. You know when you have a good day and you feel like you are getting all the benefits of life, but you aren’t getting all the benefits of life. It is a struggle to understand and then work out which is the most important. That is the difference between “optimal” and “optimal”.
An optimal market is simply a situation where there is no benefit or cost to being in the market. The optimal situation for your job is where you make the most money, but its the same amount per unit of effort. A typical business is a marginal market where cost is relative to marginal benefit. And it is in the best market that the most effort is needed to get what you want.
In the optimal market, marginal cost equals marginal benefit.So it is in the optimal market that you get the most effort with the least amount of money; the best place to work. But it is not the best place to work if your cost is too low and your benefit is too high. And it is not the best place if you have to work too long to get what you want. In a competitive market, marginal benefit equals marginal cost.
So if your cost and benefits are both so high that you can’t make any money at all, then you can’t work in a competitive market. But if your cost is so low that you can’t make any money at all, but you can do most of what your competitors do, then you can work in a competitive market. So we find that the more marginal benefit a player has, the more money they can make in a competitive market.
This is the principle behind most optimization techniques. For example, if you have a market with a fixed cost and a fixed marginal benefit, then you cannot ever get a better price than the current price. You cant increase the price, or even get the price down, because the marginal cost and marginal benefit are fixed. If you have a market with a variable marginal benefit and a variable marginal cost, then you can get a better price by increasing the price or decreasing the marginal cost.
This is the principle behind the optimization techniques we use at Google. For example, if you have a market with a fixed marginal benefit and a variable marginal cost, then you can get a better price by decreasing the cost.
We think of the marginal cost, and the marginal benefit as fixed values, so that means that in a competitive market, we should aim to maximize the marginal benefit. If we are not maximizing the marginal benefit, then we are not maximizing the marginal cost.
If you are interested in the average marginal cost, but are not interested in the average marginal benefit, then you should be trying to maximize the marginal benefit here. While this might be a way of increasing the marginal benefit, it is not how competitive markets work. Instead, we should aim to maximize the marginal benefit.
If you are interested in the average marginal benefit, but are not interested in the average marginal benefit, then you should be trying to maximize the benefit here. If this is true, then you are creating a market that is competitive with the average marginal benefit.
In a competitive market, where you are trying to maximize your marginal benefit, you are really maximizing your average marginal benefit. When you are trying to maximize your marginal benefit, you are trying to create a market that is competitive with your average marginal benefit. For example, in a business the average marginal cost is $50K. Since the marginal benefit here is $50k, you are trying to maximize your average marginal cost.