2 Answered Questions for the topic profit maximization

Profit Maximization Economics Microeconoimcs Total Costs

11/03/20

How do you calculate profit maximizing quantity when given price and cost information?
How do you find out how many products a firm should produce if it sells its products in a perfectly competitive market structure and the market price is $50? You are given the following... more
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Profit Maximization Microeconomics

04/15/19

Why are firms taken to be profit-maximizing? Shouldn't that make them risk-neutral?
Intro texts normally explain that insurance firms (casinos, etc.) "work" by diversifying risk from many clients. Unsaid, then, seems to be that risk is bad for both firm and client.But why should a... more
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