Topic Videos
Short run costs and revenues – finding profit maximisation
- Level:
- AS, A-Level, IB, BTEC National, BTEC Tech Award
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 27 Sept 2019
Here is a quick recap video using a numerical example of how to find the level of output in the short run for a business that maximises total profit. Profits are maximised when marginal revenue = marginal cost.
You might also like
Profit Satisficing and Profitability Factors
30th January 2014
Profit
Study Notes
Behavioural Theories of the Firm
Study Notes
Explaining Business Objectives
Study Notes
Business Revenues
Study Notes
Production Function in the Short Run
Study Notes
Diseconomies of Scale
Study Notes