I suppose it’s not terribly helpful to tell you more than you ever wanted to know about revenues and costs if I wasn’t going to show how those concepts come together to show how to maximize profit, so here you go. The numerical example is a bit tedious, but I suppose that that is what fast forward is for. 
It’s also helpful to show profit graphically…
You can see the overall EDIWM YouTube channel here. You can also see more info about the videos via the Econ 101 Videos link above.
1 response so far ↓
1 James // Nov 11, 2011 at 7:50 pm
I was just going to post one of these for a student
I might still do it though so don’t think I am stealing your thunder. Keep up the good work.
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