This week we examine the things businesses need to know about costs and profit maximizing or, worst case--loss minimizing. In the process we create a supply curve. The Profit Max worksheet and PowerPoint presentation will help you understand these costs curves. In the TDA we need to figure out how to apply them and decide what they can tell a business person.
- i tried to use the powerpoint to help me out, but nothing worked.
:second question:Monopoly, monopolistic competition, pure competition, ol-i-gop-o-ly--how do you pronounce that? So what are these things and how to they impact markets, firms and you, as a consumer and/or as a business person?
- i tried to use the powerpoint to help me out, but nothing worked.
:second question:Monopoly, monopolistic competition, pure competition, ol-i-gop-o-ly--how do you pronounce that? So what are these things and how to they impact markets, firms and you, as a consumer and/or as a business person?