APMic Unit 3 Lesson 5 Profit Maximization (Module 53) by jclerch https://padlet.com/jclerch/r3bwh8cr2ie5 Production, Cost and the Perfect Competition Model en-us 2019-07-21 14:30:03 UTC 2025-12-30 12:12:23 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/135439946/ef62a53f93116df6afbf8dd549748eea/IMG_12291.png jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/180152549 2017-08-04 21:59:37 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/180152549 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/277185995 2018-09-02 23:26:44 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/277185995 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/277186041 2018-09-02 23:27:13 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/277186041 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/296723409 Reading on marginal revenue]]> 2018-10-25 00:09:15 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/296723409 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372043034 2019-07-23 15:17:59 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372043034 Essential Knowledge jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372205928 Firms are assumed to produce output to maximize their profits by comparing marginal revenue and marginal cost.]]> 2019-07-24 23:21:53 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372205928 Enduring Understanding jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372205978 To determine the optimal level at which to pursue an activity whose total benefits exceed total cost, rational economic agents compare marginal benefits and marginal costs.]]> 2019-07-24 23:22:29 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372205978 Learning Objectives jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372206005 Define (using graphs or data as appropriate) the profit-maximizing rule.

Explain (using a graph or data as appropriate) the profit-maximizing level of production.
]]> 2019-07-24 23:22:45 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372206005 Questions jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372206023
  • Can you determine the profit-maximizing level of output using the optimal output rule? 
  • Can you perform marginal analysis?
    • ]]>     2019-07-24 23:23:01 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/372206023     jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/391039216 2019-09-29 16:52:51 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/391039216 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/693505489 2020-08-23 19:25:09 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/693505489 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/693508821 2020-08-23 19:30:35 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/693508821 jclerch https://padlet.com/jclerch/r3bwh8cr2ie5/wish/693544848 2020-08-23 20:38:26 UTC https://padlet.com/jclerch/r3bwh8cr2ie5/wish/693544848