Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Maximizing Profit Under Competition. That video is uploaded by Marginal Revolution University at 2015-03-18T14:22:25-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [0x4f2e5m1Jw]
| Name | Maximizing Profit Under Competition |
| Video Uploader | Video From Marginal Revolution University |
| Upload Date | This Video Uploaded At 18-03-2015 21:22:25 |
| Video Discription | A company in a competitive environment does not control prices. So the key to maximizing profit is choosing how much to produce. To do that, we need to factor in the costs involved in production. So what exactly are the costs? How do these costs influence how you maximize profit? And, remember, if you want to think like an economist, you must factor in opportunity cost! In this video, we define profit, including how to calculate total revenue and total cost. We also go over fixed costs, variable costs, marginal revenue, and marginal cost. Microeconomics Course: http://bit.ly/20VablY Next video: http://bit.ly/1mY0LZI Help us caption & translate this video! http://amara.org/v/GSLC/ 0x4f2e5m1Jw |
| Category | Education |
| Tags | Profit | Microeconomics (Field Of Study) | Profit Maximization | marginal cost | marginal revenue | production costs | opportunity cost | total revenue | total cost | revenue | fixed cost | variable cost | Economics (Field Of Study) |
