Maximizing Profit and the Average Cost Curve
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YouTubeMarginal Revolution University
Maximizing Profit and the Average Cost Curve
Being able to predict your company’s profit is a very useful tool. In this video, we introduce the third concept you need to maximize profit — average cost. When looked at in conjunction with the marginal revenue and marginal cost, the average cost curve will show you how to accurately predict how much profit you can make! The usefulness of ...
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