1. Profit Maximization 2. Profit Maximization The objective of a for-profit firm is to maximize profit.Profit is total revenue less the costs of the resources (land, labor,…
1. Next Exam !Exam 6 Thursday December 26 !Chapters 18, 19, 20 and 21 2. Microeconomics Lecture 18 !Factors of Production 3. Price Discrimination !Charging different people…