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Counties rely heavily on state and federal sources for their revenue.
Marginal Revenue
The increased income derived from the sale of one extra unit of a good or service.
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit.
MC > MR
A condition where Marginal Cost (MC) is greater than Marginal Revenue (MR), suggesting that producing additional units of a good will not increase profits and may reduce them.
Profit
The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
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