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Profit maximization

Profit maximization: Managerial Economics
Profit maximization: Managerial Economics

Learning how to draw and calculate a demand curve and a cost curve enables managers and entrepreneurs to set a price that results in the highest possible profit. A the optimal price point, a price increase would reduce the demand too strongly while a price reduction would affect the profit margin too strongly.

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Skill Level Intermediate
1h 20m
Duration
103,746
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Skills covered in this course
Business Accounting Management Leadership

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