Profit maximisation in perfect competition (L11.2)
Автор: Krzysztof Zięba
Загружено: 2022-09-22
Просмотров: 154
Описание:
How to make our profit as big as possible? The general answer is given in this video, along with a specific idea on how to accomplish that in perfect competition market. The idea of break even points is also introduced. If you want to know how to maximise the profit of a business, here it is for you!
00:00 Start of the lecture
00:20 Profit maximisation - how to do it
10:00 A closer look at MR and MC
13:00 Perfect competition is somewhat special
14:40 How to manage a business in perfect competition market
16:30 Break even points
19:08 Economic optimum - a clear view
21:27 Profit maximisation and technological optimum
25:15 Conclusion - maximisation of unit profit
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