ILO:
a) Condition for profit maximisation
b) Normal profit, supernormal profit and losses
c) Short-run and long-run shut-down points: diagrammatic analysis
a) Condition for profit maximisation
b) Normal profit, supernormal profit and losses
c) Short-run and long-run shut-down points: diagrammatic analysis
Profit maximisation
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Types of profits & losses
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Shut down point
The concept:
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The diagrams:
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How you can use the diagrams:
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Webinar revision
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A2/IB Why is MC=MR Profit Maximisation?
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The Shut Down Price (Microeconomics)
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