Perfect Competition: Profit Maximization (Problem #1)
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Perfect Competition: Profit Maximization (Problem #1)
Please consider supporting these videos:https://www.paypal.com/cgi-bin/webscr?cmd=_donations&business=T2MPM6MSQ3UT8¤cy_code=USD&source=url This video reviews the mathematics of how a perfectly competitive firm maximizes profit. In this problem, the firm faces a market price of $8 and has total cost given by TC = 40 + 0.5q + 0.05q^2.
108K viewsJun 28, 2013
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