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13.2.Cost Min and Profit Max

Thomas Nechyba

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13.2.Cost Min and Profit Max

4 411 просмотров · 4 г. назад
Thomas Nechyba
910 подписчиков
4 411 просмотров · 4 г. назад
This video relates cost minimization to profit maximization and illustrates that a profit maximizing producer always cost minimizes but a cost minimizing producer only profit maximizes if she chooses the right quantity to produce.