Total Revenue, Marginal Revenue, and Profit-Maximizing Output | Microeconomics | profit maximization
15:26
YouTubeECON MATHS
Total Revenue, Marginal Revenue, and Profit-Maximizing Output | Microeconomics | profit maximization
in this video we will Learn how to solve a complete microeconomics problem involving demand ( Q = 40 - P) and total cost (TC = 5Q²) functions. This video covers deriving Total Revenue (TR), Average Revenue (AR), and Marginal Revenue (MR) functions, identifying the market type, and finding both revenue-maximizing and profit- maximizing levels ...
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