'Price taking firm' presentation slideshows

Slides by Alex Stojanovic

436 views • 43 slides

Today

Today. Begin Monopoly. Monopoly. Chapter 22. Four Basic Models. Monopolistic Competition = Some firms. Monopoly = One firm. Oligopoly = A few firms. Perfect Competition = Many firms. Profit-Maximizing Monopolist. Suppose only one seller in the market.

487 views • 28 slides

MC, MR

Rule The firm should produce where MR = MC PROVIDED that above that output MC exceeds MR and below that output MR exceeds MC. MC, MR. MC. Q. O. Q 1. Q 2. MR. Shut down point. Costs, revenue. AC. P = AVC. AVC. AR = D. Q. O. Q. Using calculus to find maximum profit output.

351 views • 13 slides

465 views • 5 slides