Documents Lecture 8

Review of the previous lecture The goal of firms is to maximize profit, which equals total revenue minus total cost. When analyzing a firmâs behavior, it is important to…

Documents Review of the previous lecture The goal of firms is to maximize profit, which equals total revenue.....

Review of the previous lecture The goal of firms is to maximize profit, which equals total revenue minus total cost. When analyzing a firmâs behavior, it is important to…