Profit Maximization for a Perfectly Competitive Firm

Profit Maximization for a Perfectly Competitive Firm
Profit Maximization for a Perfectly Competitive Firm
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This worksheet requires students to:

1. Calculate the firm's Total Revenue, Marginal Revenue, Total Cost (based on ATC), Marginal Cost, and Profit at various levels of output.

2. Graph the firm's Demand, MR, and MC curves.

3. Identify the profit-maximizing level of output and profit as well as the profit-maximizing rule (MR=MC).
Total Pages
1
Answer Key
Included
Teaching Duration
50 Minutes

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Profit Maximization for a Perfectly Competitive Firm
Profit Maximization for a Perfectly Competitive Firm